Financial-credit and innovative economic sectors: evaluation of macroeconomic effects of regulation and interaction sectors

Aibota Rakhmetova (), Gaukhar Kalkabayeva (), Anar Kurmanalina (), Zhanar Gusmanova (), Gulzira Serikova () and Baglan Aimurzina ()
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Aibota Rakhmetova: Karaganda Economic University of Kazpotrebsoyuz, Kazakhstan
Gaukhar Kalkabayeva: Karaganda Economic University of Kazpotrebsoyuz, Kazakhstan
Anar Kurmanalina: Karaganda Economic University of Kazpotrebsoyuz, Kazakhstan
Zhanar Gusmanova: Karaganda Economic University of Kazpotrebsoyuz, Kazakhstan
Gulzira Serikova: Karaganda Economic University of Kazpotrebsoyuz, Kazakhstan
Baglan Aimurzina: Kazakh University of Economy, Finance and International Trade, Kazakhstan

Entrepreneurship and Sustainability Issues, 2020, vol. 8, issue 1, 1224-1237

Abstract: In the article, the authors examine contemporary problems of the divergence of the interests of financial and credit institutions and enterprises operating in the innovation sector. Based on the study of theoretical and methodological approaches to the interaction of subjects of financial and innovative sectors of the economy, the authors obtained the results of economic-mathematical modeling on the effect of interaction between sectors on economic growth and assess the role of regulators in this process. The obtained results are interpreted through the prism of the experience of economically developed countries, which reached the greatest degree of synergy between the financial and innovative sectors of the economy. Conclusions are drawn regarding the need to develop preventive measures to eliminate the undesirable effects, including on the basis of the adaptation of best world experience.

Keywords: financial sector; innovation sector; interaction; economic growth; synergy; macroeconomic effects; institutional infrastructure; regulation (search for similar items in EconPapers)
JEL-codes: E22 E31 E44 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:ssi:jouesi:v:8:y:2020:i:1:p:1224-1237

DOI: 10.9770/jesi.2020.8.1(82)

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