Impact of R&D expenditures on the country's innovative potential: a case study

Ardak Nurpeisova (), Galiya Mauina (), Shakizada Niyazbekova (), Ainur Jumagaliyeva (), Aigul Zholmukhanova (), Yuliya Gabdrashitovna Tyurina (), Svetlana Murtuzalieva () and Leila A. Maisigova ()
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Ardak Nurpeisova: S. Seifullin Kazakh Agro Technical University, Kazakhstan
Galiya Mauina: S. Seifullin Kazakh Agro Technical University, Kazakhstan
Shakizada Niyazbekova: Moscow Witte University, Russian Federation
Ainur Jumagaliyeva: S. Seifullin Kazakh Agro Technical University, Kazakhstan
Aigul Zholmukhanova: S. Seifullin Kazakh Agro Technical University, Kazakhstan
Yuliya Gabdrashitovna Tyurina: Financial University under the Government of the Russian Federation, Russian Federation
Svetlana Murtuzalieva: Plekhanov Russian University of Economics, Russian Federation
Leila A. Maisigova: Ingush State University, Russian Federation

Entrepreneurship and Sustainability Issues, 2020, vol. 8, issue 2, 682-697

Abstract: Kazakhstan has all the prerequisites for the formation of innovative potential. However, to ensure the innovative economic development of Kazakhstan, it is necessary to create favorable conditions that promote the commercialization of innovations. Otherwise, all expenditures that are currently primarily of a state nature will not have the required economic indicators. The modern theory of sustainable economic growth is based on the concept of innovation. That is why the main indicators of overall economic development depend on innovative development. The article studies the variability of a data group formed from indicators of innovative development of the economy of Kazakhstan, using one of the methods of reducing dimension as a correlation analysis. The data of 2000–2018 are analyzed, that is, for 19 years. Discusses the correlation analysis of indicators characterizing the amount of research and development costs and gross domestic product. The obtained correlation coefficients demonstrate a strong linear relationship between the selected indicators. The statistical analysis showed: patterns of change in the GDP of the economy internal R&D costs are almost identical, correlation-regression model of the impact of GDP on domestic R&D expenditures. That is, the number of innovatively active enterprises and internal R&D costs are interdependent variables with a close correlation. High correlation coefficients between the registration of patent applications and the grant of patents in Kazakhstan and the number of employees performing R&D. A strong but negative relationship between the number of organizations performing research and development and the rest, perhaps some organizations exist only nominally and their economic activity is minimal.

Keywords: impact; correlation; relationship; GDP dynamics; economic growth; innovation (search for similar items in EconPapers)
JEL-codes: O10 O20 O30 (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ssi:jouesi:v:8:y:2020:i:2:p:682-697

DOI: 10.9770/jesi.2020.8.2(41)

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