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Econometric Analysis of the Sustainability and Development of an Alternative Strategy to Gross Value Added in Kazakhstan’s Agricultural Sector

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Listed:
  • Azat Tleubayev

    (Department of Economics, S. Seifullin Kazakh Agro Technical Research University, 62, Zhenis Avenue, Astana 010011, Kazakhstan)

  • Seyit Kerimkhulle

    (Department of Information Systems, L.N. Gumilyov Eurasian National University, 2, Satpayev Street, Astana 010008, Kazakhstan)

  • Manatzhan Tleuzhanova

    (Department of Economics and Business, International Engineering Technological University, 89/21, Al-Farabi Avenue, Almaty 050060, Kazakhstan)

  • Aigul Uchkampirova

    (Department of Economics and Entepreneurship, L.N. Gumilyov Eurasian National University, 11, Kazhymukan Street, Astana 010008, Kazakhstan)

  • Zhanat Bulakbay

    (Department of Finance, L.N. Gumilyov Eurasian National University, 11, Kazhymukan Street, Astana 010008, Kazakhstan)

  • Raikhan Mugauina

    (Department of Economics, Kh. Dosmukhamedov Atyrau University, 1, Building, Student Avenue, Atyrau 060011, Kazakhstan)

  • Zhumagul Tazhibayeva

    (Department of Management, L.N. Gumilyov Eurasian National University, 11, Kazhymukan Street, Astana 010008, Kazakhstan)

  • Alibek Adalbek

    (Department of Information Systems, L.N. Gumilyov Eurasian National University, 2, Satpayev Street, Astana 010008, Kazakhstan)

  • Yerassyl Iskakov

    (Department of Information Systems, L.N. Gumilyov Eurasian National University, 2, Satpayev Street, Astana 010008, Kazakhstan)

  • Daniyar Toleubay

    (Department of Information Systems, L.N. Gumilyov Eurasian National University, 2, Satpayev Street, Astana 010008, Kazakhstan)

Abstract

Based on the systematization of relevant problems in the agricultural sector of Kazakhstan and other countries, the purpose of the research is to aid in the development and implementation of a methodology for the econometric analysis of sustainability, the classification of economic growth, and an alternative strategy for gross value added depending on time phases with time lags of 0, 1, and 2 years, and on the gross fixed capital formation in the agricultural sector of Kazakhstan. The research has used a variety of quantitative techniques, including the logistic growth difference equation, applied statistics, econometric models, operations research, nonlinear mathematical programming models, economic modeling simulations, and sustainability analysis. In the work on three criteria: equilibrium, balanced and optimal growth, we have defined the main trends of growth of Gross added value of agriculture, hunting and forestry. The first, depending on the time phases, the second, depending on the Gross fixed capital formation transactions for equilibrium growth, for the growth of an alternative strategy, for the endogenous growth rate and the growth of exogenous flows. And we also received a classification of the trend of Productive, Moderate and Critical growth for the agricultural industry depending on the correlated linkaged industry of the national economy of Kazakhstan. The results of this work can be used in data analytics and artificial intelligence, digital transformation and technology in agriculture, as well as in the areas of sustainability and environmental impact.

Suggested Citation

  • Azat Tleubayev & Seyit Kerimkhulle & Manatzhan Tleuzhanova & Aigul Uchkampirova & Zhanat Bulakbay & Raikhan Mugauina & Zhumagul Tazhibayeva & Alibek Adalbek & Yerassyl Iskakov & Daniyar Toleubay, 2024. "Econometric Analysis of the Sustainability and Development of an Alternative Strategy to Gross Value Added in Kazakhstan’s Agricultural Sector," Econometrics, MDPI, vol. 12(4), pages 1-26, October.
    • Handle: RePEc:gam:jecnmx:v:12:y:2024:i:4:p:29-:d:1501187
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    References listed on IDEAS

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    1. Seyit Kerimkhulle & Natalia Obrosova & Alexander Shananin & Gulmira Azieva, 2022. "The Nonlinear Model of Intersectoral Linkages of Kazakhstan for Macroeconomic Decision-Making Processes in Sustainable Supply Chain Management," Sustainability, MDPI, vol. 14(21), pages 1-21, November.
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