<?xml version="1.0" encoding="UTF-8"?>
<!DOCTYPE article PUBLIC "-//NLM//DTD JATS (Z39.96) Journal Publishing DTD v1.3 20210610//EN" "JATS-journalpublishing1-3.dtd">
<article article-type="research-article" dtd-version="1.3" xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xml:lang="en"><front><journal-meta><journal-id journal-id-type="publisher-id">ejebs</journal-id><journal-title-group><journal-title xml:lang="en">Eurasian Journal of Economic and Business Studies</journal-title><trans-title-group xml:lang="ru"><trans-title>Название журнала на русском</trans-title></trans-title-group></journal-title-group><issn pub-type="ppub">2789-8253</issn><issn pub-type="epub">2789-8261</issn><publisher><publisher-name>University of International Business named after K. Sagadiyev LLP</publisher-name></publisher></journal-meta><article-meta><article-id pub-id-type="doi">10.47703/ejebs.v4i66.194</article-id><article-id custom-type="elpub" pub-id-type="custom">ejebs-125</article-id><article-categories><subj-group subj-group-type="heading"><subject>Research Article</subject></subj-group><subj-group subj-group-type="section-heading" xml:lang="ru"><subject>Статьи</subject></subj-group></article-categories><title-group><article-title>Investment in Education as a Factor of Economic Growth of the Country</article-title><trans-title-group xml:lang="ru"><trans-title></trans-title></trans-title-group></title-group><contrib-group><contrib contrib-type="author" corresp="yes"><contrib-id contrib-id-type="orcid">https://orcid.org/0000-0002-7974-1236</contrib-id><name-alternatives><name name-style="western" xml:lang="en"><surname>Baidybekova</surname><given-names>Saltanat</given-names></name></name-alternatives><bio xml:lang="en"><p>candidate of cconomics, associate professor, Email: b-saltanat@mail.ru</p><p> </p></bio><email xlink:type="simple">b-saltanat@mail.ru</email><xref ref-type="aff" rid="aff-1"/></contrib><contrib contrib-type="author" corresp="yes"><contrib-id contrib-id-type="orcid">https://orcid.org/0000-0001-7567-6900</contrib-id><name-alternatives><name name-style="western" xml:lang="en"><surname>Sauranbay</surname><given-names>Sandugash</given-names></name></name-alternatives><bio xml:lang="en"><p>PhD, associate professor, Email: bss0609@mail.ru</p><p> </p></bio><email xlink:type="simple">bss0609@mail.ru</email><xref ref-type="aff" rid="aff-2"/></contrib><contrib contrib-type="author" corresp="yes"><contrib-id contrib-id-type="orcid">https://orcid.org/0000-0001-8910-6239</contrib-id><name-alternatives><name name-style="western" xml:lang="en"><surname>Yermekbayeva</surname><given-names>Dinara</given-names></name></name-alternatives><bio xml:lang="en"><p>PhD, associate professor, Email: ermekbaevad@mail.ru</p><p> </p></bio><email xlink:type="simple">ermekbaevad@mail.ru</email><xref ref-type="aff" rid="aff-3"/></contrib></contrib-group><aff-alternatives id="aff-1"><aff xml:lang="en">Zhetysu University named after I.Zhansugurov Taldykorgan<country>Kazakhstan</country></aff></aff-alternatives><aff-alternatives id="aff-2"><aff xml:lang="en">Almaty Management University, Almaty<country>Kazakhstan</country></aff></aff-alternatives><aff-alternatives id="aff-3"><aff xml:lang="en">Kenzhegali Sagadiyev University of International Business, Almaty<country>Kazakhstan</country></aff></aff-alternatives><pub-date pub-type="collection"><year>2022</year></pub-date><pub-date pub-type="epub"><day>30</day><month>12</month><year>2022</year></pub-date><volume>66</volume><issue>4</issue><fpage>105</fpage><lpage>114</lpage><permissions><copyright-statement>Copyright &amp;#x00A9; Baidybekova S., Sauranbay S., Yermekbayeva D., 2022</copyright-statement><copyright-year>2022</copyright-year><copyright-holder xml:lang="ru">Baidybekova S., Sauranbay S., Yermekbayeva D.</copyright-holder><copyright-holder xml:lang="en">Baidybekova S., Sauranbay S., Yermekbayeva D.</copyright-holder><license xml:lang="ru" license-type="creative-commons-attribution" xlink:href="https://creativecommons.org/licenses/by/4.0/" xlink:type="simple"><license-p>Данная работа распространяется под лицензией Creative Commons Attribution 4.0.</license-p></license><license xml:lang="en" license-type="creative-commons-attribution" xlink:href="https://creativecommons.org/licenses/by/4.0/" xlink:type="simple"><license-p>This work is licensed under a Creative Commons Attribution 4.0 License.</license-p></license></permissions><self-uri xlink:href="https://ejebs.uib.kz/jour/article/view/125">https://ejebs.uib.kz/jour/article/view/125</self-uri><abstract/><kwd-group xml:lang="en"><kwd>education</kwd><kwd>investments</kwd><kwd>human capital</kwd><kwd>innovative technologies</kwd><kwd>intellectual potential</kwd><kwd>personnel</kwd><kwd>level of education</kwd><kwd>labor market</kwd><kwd>gross domestic product</kwd></kwd-group></article-meta></front><back><ref-list><title>References</title><ref id="cit1"><label>1</label><citation-alternatives><mixed-citation xml:lang="ru">Altunina, V. V., &amp; Altunina, A. I. (2019). The role of education in the economic development of the country [Rol' obrazovaniya v ehkonomicheskom razvitii strany]. Kreativnaya ehkonomika, 13(11), 2159-2168. https://doi.org/10.18334/ce.13.11.41367 (In Russ.).</mixed-citation><mixed-citation xml:lang="en">Altunina, V. V., &amp; Altunina, A. I. (2019). The role of education in the economic development of the country [Rol' obrazovaniya v ehkonomicheskom razvitii strany]. Kreativnaya ehkonomika, 13(11), 2159-2168. https://doi.org/10.18334/ce.13.11.41367 (In Russ.).</mixed-citation></citation-alternatives></ref><ref id="cit2"><label>2</label><citation-alternatives><mixed-citation xml:lang="ru">Anisimova, N. Y. (2021). Organization of personnel training in the digital economy [Organizatsiya podgotovki kadrov v tsifrovoi ehkonomike]. Kreativnaya ehkonomika, 15(3), 735-748. http://doi.org/10.18334/ce.15.3.111846 (In Russ.).</mixed-citation><mixed-citation xml:lang="en">Anisimova, N. Y. (2021). Organization of personnel training in the digital economy [Organizatsiya podgotovki kadrov v tsifrovoi ehkonomike]. Kreativnaya ehkonomika, 15(3), 735-748. http://doi.org/10.18334/ce.15.3.111846 (In Russ.).</mixed-citation></citation-alternatives></ref><ref id="cit3"><label>3</label><citation-alternatives><mixed-citation xml:lang="ru">Atakhanov R.A. (2018). Investitsii v obrazovanie: teoriya I methodologiya [Investitsii v obrazovanie: teoriya i metodologiya]. Fundamental'nye issledovaniya, 1, 24-25. (In Russ.).</mixed-citation><mixed-citation xml:lang="en">Atakhanov R.A. (2018). Investitsii v obrazovanie: teoriya I methodologiya [Investitsii v obrazovanie: teoriya i metodologiya]. Fundamental'nye issledovaniya, 1, 24-25. (In Russ.).</mixed-citation></citation-alternatives></ref><ref id="cit4"><label>4</label><citation-alternatives><mixed-citation xml:lang="ru">Aubakirova G.M., Mazhitova S.K., Isataeva F.M., Tomashinova A.E. (2021) Improving investment policy with a transit economy: the experience of Kazakhstan [Sovershenstvovanie investitsionnoi politiki s tranzitnoi ehkonomikoi: opyt Kazakhstana]. Ehkonomika: strategiya i praktika, 16(4), 46-61. https://doi.org/10.51176/1997-9967-2021-4-46-61 (In Russ.).</mixed-citation><mixed-citation xml:lang="en">Aubakirova G.M., Mazhitova S.K., Isataeva F.M., Tomashinova A.E. (2021) Improving investment policy with a transit economy: the experience of Kazakhstan [Sovershenstvovanie investitsionnoi politiki s tranzitnoi ehkonomikoi: opyt Kazakhstana]. Ehkonomika: strategiya i praktika, 16(4), 46-61. https://doi.org/10.51176/1997-9967-2021-4-46-61 (In Russ.).</mixed-citation></citation-alternatives></ref><ref id="cit5"><label>5</label><citation-alternatives><mixed-citation xml:lang="ru">Baktymbet, A. S., Baktymbet, S. S., &amp; Baktymbet, A. S. (2020). Socio-economic aspects of the development of the education system of Kazakhstan [Sotsial'no- ehkonomicheskie aspekty razvitiya sistemy obrazovaniya Kazakhstana]. Ehkonomicheskaya seriya Vestnika ENU im. LN Gumileva, 3, 26-36. (In Russ).</mixed-citation><mixed-citation xml:lang="en">Baktymbet, A. S., Baktymbet, S. S., &amp; Baktymbet, A. S. (2020). Socio-economic aspects of the development of the education system of Kazakhstan [Sotsial'no- ehkonomicheskie aspekty razvitiya sistemy obrazovaniya Kazakhstana]. Ehkonomicheskaya seriya Vestnika ENU im. LN Gumileva, 3, 26-36. (In Russ).</mixed-citation></citation-alternatives></ref><ref id="cit6"><label>6</label><citation-alternatives><mixed-citation xml:lang="ru">Bureau of National Statistics (2022). [updated July19, 2022; cited July 30, 2022]. Available: http://www.stat.gov.kz (In Russ.).</mixed-citation><mixed-citation xml:lang="en">Bureau of National Statistics (2022). [updated July19, 2022; cited July 30, 2022]. Available: http://www.stat.gov.kz (In Russ.).</mixed-citation></citation-alternatives></ref><ref id="cit7"><label>7</label><citation-alternatives><mixed-citation xml:lang="ru">Department of Statistics of the Eurasian Economic Union for 2017-2021 [Departament statistiki Evrazijskogo ekonomicheskogo soyuza za 2017-2021 gody]. Eurasian Economic Commission (2021). [updated July 19, 2021; cited August 15, 2022]. Available: https://eec.eaeunion.org/ (In Russ.).</mixed-citation><mixed-citation xml:lang="en">Department of Statistics of the Eurasian Economic Union for 2017-2021 [Departament statistiki Evrazijskogo ekonomicheskogo soyuza za 2017-2021 gody]. Eurasian Economic Commission (2021). [updated July 19, 2021; cited August 15, 2022]. Available: https://eec.eaeunion.org/ (In Russ.).</mixed-citation></citation-alternatives></ref><ref id="cit8"><label>8</label><citation-alternatives><mixed-citation xml:lang="ru">Erimpasheva, A. T., Myrzahmetova, A.M., Zakirova, A.A.(2021). Human capital development: innovative learning in the post-pandemic era [Razvitie chelovecheskogo kapitala: innovacionnoe obuchenie v postpandemicheskuyu epohu]. Economics: the strategy and practice, 16(4), 130-142. https://doi.org/10.51176/1997-9967-2021-4-130-142 (In Russ.).</mixed-citation><mixed-citation xml:lang="en">Erimpasheva, A. T., Myrzahmetova, A.M., Zakirova, A.A.(2021). Human capital development: innovative learning in the post-pandemic era [Razvitie chelovecheskogo kapitala: innovacionnoe obuchenie v postpandemicheskuyu epohu]. Economics: the strategy and practice, 16(4), 130-142. https://doi.org/10.51176/1997-9967-2021-4-130-142 (In Russ.).</mixed-citation></citation-alternatives></ref><ref id="cit9"><label>9</label><citation-alternatives><mixed-citation xml:lang="ru">Ermakov, S. A., &amp; Kashina, O. P. (2015). The main directions of the life path of a person of mature age [Osnovnye napravleniya zhiznennogo puti cheloveka zrelogo vozrasta. Fundamental'nye issledovaniya]. Fundamental'nye issledovaniya 19(2), 4355-4358. (In Russ).</mixed-citation><mixed-citation xml:lang="en">Ermakov, S. A., &amp; Kashina, O. P. (2015). The main directions of the life path of a person of mature age [Osnovnye napravleniya zhiznennogo puti cheloveka zrelogo vozrasta. Fundamental'nye issledovaniya]. Fundamental'nye issledovaniya 19(2), 4355-4358. (In Russ).</mixed-citation></citation-alternatives></ref><ref id="cit10"><label>10</label><citation-alternatives><mixed-citation xml:lang="ru">Keynes, J. M. (1937). The general theory of employment. The quarterly journal of economics, 51(2), 209-223.</mixed-citation><mixed-citation xml:lang="en">Keynes, J. M. (1937). The general theory of employment. The quarterly journal of economics, 51(2), 209-223.</mixed-citation></citation-alternatives></ref><ref id="cit11"><label>11</label><citation-alternatives><mixed-citation xml:lang="ru">Kuandyk, ZH. B., &amp; Asilova, A. S. (2022). Analysis of approaches and methods for assessing human capital in the economy [Analiz podkhodov i metodov otsenki chelovecheskogo kapitala v ehkonomike]. Economics: the strategy and practice, 17(1), 110-126. https://doi.org/10.51176/1997-9967-2022-1-110-126 (In Russ.).</mixed-citation><mixed-citation xml:lang="en">Kuandyk, ZH. B., &amp; Asilova, A. S. (2022). Analysis of approaches and methods for assessing human capital in the economy [Analiz podkhodov i metodov otsenki chelovecheskogo kapitala v ehkonomike]. Economics: the strategy and practice, 17(1), 110-126. https://doi.org/10.51176/1997-9967-2022-1-110-126 (In Russ.).</mixed-citation></citation-alternatives></ref><ref id="cit12"><label>12</label><citation-alternatives><mixed-citation xml:lang="ru">Nikulina, Yu. N. (2021). Integration of education and business in practical training of personnel for the economy of the region [Integratsiya obrazovaniya i biznesa v voprosakh prakticheskoi podgotovki kadrov dlya ehkonomiki regiona]. Ehkonomika truda, 8(7), 701-714. http://doi.org/10.18334/et.8.7.112379 (In Russ.).</mixed-citation><mixed-citation xml:lang="en">Nikulina, Yu. N. (2021). Integration of education and business in practical training of personnel for the economy of the region [Integratsiya obrazovaniya i biznesa v voprosakh prakticheskoi podgotovki kadrov dlya ehkonomiki regiona]. Ehkonomika truda, 8(7), 701-714. http://doi.org/10.18334/et.8.7.112379 (In Russ.).</mixed-citation></citation-alternatives></ref><ref id="cit13"><label>13</label><citation-alternatives><mixed-citation xml:lang="ru">Nurmukhanova, G. ZH., &amp; Nurtaeva, D. K. (2020). Systemic imperative of integration of education, science and business [Sistemnye imperativy integratsii obrazovaniya, nauki i biznesa]. Vestnik universiteta Turan, 4, 27-33. https://doi.org/10.46914/1562-2959-2020-1-4-27-33 (In Russ.).</mixed-citation><mixed-citation xml:lang="en">Nurmukhanova, G. ZH., &amp; Nurtaeva, D. K. (2020). Systemic imperative of integration of education, science and business [Sistemnye imperativy integratsii obrazovaniya, nauki i biznesa]. Vestnik universiteta Turan, 4, 27-33. https://doi.org/10.46914/1562-2959-2020-1-4-27-33 (In Russ.).</mixed-citation></citation-alternatives></ref><ref id="cit14"><label>14</label><citation-alternatives><mixed-citation xml:lang="ru">Pishnyak, A. I., Goryainova, A. R., Nazarbaeva, E. A., &amp; Khalina, N. V. (2020). Middle-class investments in human capital: consumption of paid services in the field of education and medicine [Investitsii srednego klassa v chelovecheskii kapital: potreblenie platnykh uslug v oblasti obrazovaniya i meditsiny]. Voprosy ehkonomiki, 11, 69-85. https://doi.org/10.32609/0042-8736-2020-11-69-85 (In Russ.).</mixed-citation><mixed-citation xml:lang="en">Pishnyak, A. I., Goryainova, A. R., Nazarbaeva, E. A., &amp; Khalina, N. V. (2020). Middle-class investments in human capital: consumption of paid services in the field of education and medicine [Investitsii srednego klassa v chelovecheskii kapital: potreblenie platnykh uslug v oblasti obrazovaniya i meditsiny]. Voprosy ehkonomiki, 11, 69-85. https://doi.org/10.32609/0042-8736-2020-11-69-85 (In Russ.).</mixed-citation></citation-alternatives></ref><ref id="cit15"><label>15</label><citation-alternatives><mixed-citation xml:lang="ru">Pitukhin, E. A., Shabaeva, S. V., Stepus', I. S., &amp; Moroz, D. M. (2017). Methodology for analyzing the staffing of the regional economy: a professional section [Metodika analiza kadrovogo obespecheniya regional'noi ehkonomiki: professional'nyi razrez]. Voprosy ehkonomiki, 6, 142-149. https://doi.org/10.32609/0042-8736-2017-6-142-149 (In Russ.).</mixed-citation><mixed-citation xml:lang="en">Pitukhin, E. A., Shabaeva, S. V., Stepus', I. S., &amp; Moroz, D. M. (2017). Methodology for analyzing the staffing of the regional economy: a professional section [Metodika analiza kadrovogo obespecheniya regional'noi ehkonomiki: professional'nyi razrez]. Voprosy ehkonomiki, 6, 142-149. https://doi.org/10.32609/0042-8736-2017-6-142-149 (In Russ.).</mixed-citation></citation-alternatives></ref><ref id="cit16"><label>16</label><citation-alternatives><mixed-citation xml:lang="ru">Ricardo, D. (2001). The beginning of political economy and taxation (third edition 1821). Batoche Books, Ontario.</mixed-citation><mixed-citation xml:lang="en">Ricardo, D. (2001). The beginning of political economy and taxation (third edition 1821). Batoche Books, Ontario.</mixed-citation></citation-alternatives></ref><ref id="cit17"><label>17</label><citation-alternatives><mixed-citation xml:lang="ru">The level of R&amp;D expenditures in the countries of the world [Uroven' raskhodov na NIOKR v stranakh mira]. Gumanitarnyi portal (2019). [updated May 12, 2019; cited August 15, 2022]. Available: https://gtmarket.ru/ratings/research-and-development- expenditure (In Russ.).</mixed-citation><mixed-citation xml:lang="en">The level of R&amp;D expenditures in the countries of the world [Uroven' raskhodov na NIOKR v stranakh mira]. Gumanitarnyi portal (2019). [updated May 12, 2019; cited August 15, 2022]. Available: https://gtmarket.ru/ratings/research-and-development- expenditure (In Russ.).</mixed-citation></citation-alternatives></ref></ref-list><fn-group><fn fn-type="conflict"><p>The authors declare that there are no conflicts of interest present.</p></fn></fn-group></back></article>
