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New approaches to building a model of economic growth in Kazakhstan


Aubakirova G.M.
(about the author)

Aubakirova Gulnara Muslimovna – (Karaganda State Technical University)

Published in:
Journal of International Economic Affairs
– Volume 9, Number 1 (January-March 2019)

JEL classification: O20, O40, O53

Keywords: Kazakhstan, state regulation, strategy, structural growth


Citation:
Aubakirova G.M. (2019). New approaches to building a model of economic growth in Kazakhstan. Journal of International Economic Affairs, 9(1), 123-134. doi: 10.18334/eo.9.1.39729


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Abstract:

Over the years of Kazakhstan's new economic history, structural growth has played a key role in its development. The article shows that at the moment the economy of Kazakhstan remains poorly diversified. It is concluded that the country will be able to avoid the "middle income trap" due to structural transformation. It is shown that the emphasis should be placed on the development of the industrial sector and human capital, the growth of investment and productivity. In the medium term until 2025, the country plans to use systemic reforms to move to a new model of economic growth.








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Gourinchas P.O., Obstfeld M. (2011). Stories of the Twentieth Century for the Twenty­First NBER Working Paper. (17252).

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