DOI - Mendel University Press

DOI identifiers

DOI: 10.11118/978-80-7701-042-9-0059

DEVELOPMENT OF MANUFACTURING INDUSTRY AND THE IMPACT OF INVESTMENTS IN HUMAN CAPITAL ON ECONOMIC GROWTH

Saule Kargabayeva1, Gulnar Taikulakova2, Olga Verbovaya2, Aygul Kairambayeva2, Gauhar Bazarhanova3, Laura Bayadilova2
1 Turan University, Almaty, Kazakhstan
2 Almaty Management University, Almaty, Kazakhstan
3 Innovative University of Eurasia, Pavlodar, Kazakhstan

The article examines the development of industrial policy in Kazakhstan with an emphasis on the transformation of the manufacturing industry in the period 2019–2023. The analysis of key indicators, such as the share of industry in GDP, investment volume, export dynamics, and technological modernization, is conducted. Particular attention is paid to the impact of investment in human capital, including education, research and development (R&D), and innovation processes, on the country‘s economic growth.

Keywords: manufacturing industry, investment, human capital, economic growth

pages: 59-61, online: 2025



References

  1. BAITEREK holding. 2024. Total implementation of the State Program for Research and Development 2015-2019. Baitrek [Accessed: 2024-09-22]. https://baiterek.gov.kz/ru/pr/media/infografika/kholding-bayterek-podvodit-itogi-realizatsii-gpiir-2015-2019-gody/
  2. Baituova, L., Tleuzhanova, M., Agipar, B. 2024. Issues Related to Human Resources Development in the Conditions of Industrial and Innovative Economy in the Republic of Kazakhstan. J Knowl Econ. 15(2024), 1571-1591. Go to original source...
  3. Bayadilova, B., Nassyrkhanov, A., Tlessova, E., Parimbekova, L., Tolymgozhinova, M., Kuangaliyeva, T. 2020. The Effectiveness of Innovative Infrastructure: The Case of Kazakhstan. Quality Innovation Prosperity. 24(1), 69-87. Go to original source...
  4. Bureau of National Statistics. 2024. Agency for Strategic Planning and Reforms of the Republic of Kazakhstan. Bureau of National Statistics [Accessed: 2024-09-22]. https://stat.gov.kz/
  5. Dulambaeva, R. T. 2015. Industrial policy of the Republic of Kazakhstan: implementation experience. KazNU Bulletin. 6(112), 11-15.
  6. Ghisetti, C., Mancinelli, S., Mazzanti, M., Zoli, M. 2016. Financial barriers and environmental innovations: evidence from EU manufacturing firms. Climate Policy. 17(1), 131-147. Go to original source...
  7. Human Development Reports. 2024. Human Development Reports. Human Development Reports [Accessed: 2024-09-22]. https://hdr.undp.org/
  8. Kurmanov, N., Beisengaliyev, Y., Bayandin, M., Syzdykova, E., Tolysbayeva, M. 2022. Innovative development of Kazakhstan's raw material (oil and gas) regions: Multifactorial model for empirical analysis. Int. J. Energy Econ. Policy. 12(4), 131-140. Go to original source...
  9. Niyazbekova, S., Anzorova, S., Tochieva, L., Goigova, M., Dzholdosheva, T., Supaeva, G. 2023. Environmental aspects of innovative development of industrial sectors. In: Beskopylny, A., Shamtsyan, M., Artiukh, V. (eds.). INTERAGROMASH 2022. Cham: Springer, vol. 575, pp. 458-470. Go to original source...
  10. Obradović, T., Vlačić, B., Dabić, M. 2021- Open innovation in the manufacturing industry: A review and research agenda. Technovation. 102(2021). Go to original source...
  11. Xexéo, G., Braida, F., Parreiras, M., Xavier, P. 2024. The Economic Implications of Large Language Model Selection on Earnings and Return on Investment: A Decision Theoretic Model, May 2024. arXiv. 2405.17637. https://doi.org/10.48550/arXiv.2405.17637 Go to original source...
  12. Yabuuchi, Y. 2025. Japanese industry analysis using Cobb-Douglas production function model. In: El Emary et al. (eds). Digital Synergy. 2025. https://doi.org/10.1201/9781003440406-2 Go to original source...
  13. Yang, F., Gu, S. 2021. Industry 4.0, a revolution that requires technology and national strategies. Complex Intelligence Syst. 7(2021), 1311-1325. Go to original source...
  14. Yuwono, M. A., Ellitan, L. 2024. Comprehensive Strategic Analysis for Determining Strategic Policies at Pt. Lmc. International Journal of Management, Accounting and Economics. 11(8), 1118-1152. http://dx.doi.org/10.5281/zenodo.13327314 Go to original source...
  15. Zhang, Z. 2024. Powering the Future under Geopolitical Pressure-PV Industry Analysis for China and USA. Transactions on Economics, Business and Management Research. 9, 123-128. Go to original source...
  16. Zhang, F., Gallagher, K. S. 2016. Innovation and technology transfer through global value chains: Evidence from China's PV industry. Energy Policy. 94, 191-203. Go to original source...
  17. Zhu, H., Zhao, S., Abbas, A. 2019. Relationship between R&D grants, R&D investment, and innovation performance: The moderating effect of absorptive capacity. J Public Affairs. 20(1), e1973. https://doi.org/10.1002/pa.1973 Go to original source...