Kazakhstan Economy Sustainable Development:Trade Dynamics Impact
https://doi.org/10.47703/ejebs.v68i2.408
Abstract
The relevance of this study is underscored by the critical role of foreign trade in Kazakhstan's national economy, particularly in agricultural and livestock products. This research aims to comprehensively analyze the relationship between exported and imported agricultural and livestock product quantities and their respective USD values. The methodology employed includes regression analysis of Kazakhstan's trade data spanning from 2018 to 2022, focusing on evaluating these relationships' statistical significance and strength. This study's main findings underscore the audience's crucial role in implementing the study's recommendations. Import and export volumes have a profound impact, with particularly strong effects observed in the food and livestock sectors. While the export volumes of agricultural products do not significantly influence their trade values, import volumes exhibit a strong correlation. These insights emphasize the necessity for the audience's involvement in multifaceted approaches in trade policy and strategy development to foster sustainable economic growth in Kazakhstan. The study's recommendations for revising and optimizing trade strategies can enhance the efficiency and resilience of the national economy, improve policy-making and economic planning, and leverage these insights better to understand the dynamics of Kazakhstan's trade activities. The findings advocate for strategic investments in trade infrastructure, diversification of the export base, and fostering an attractive investment climate to leverage the benefits of increased trade turnover for sustainable economic development. This comprehensive approach will ensure Kazakhstan's robust integration into the global market, fostering long-term economic resilience and growth.
About the Authors
Berik Kadyrov
Alikhan Bokeikhan University, Semey, Kazakhstan
Kazakhstan
Kazakhstan
PhD, Director of the Scientific Center for Economic Research, Email: bekadoc@mail.ru
Bibolat Kuantkan
Shakarim University of Semey, Semey, Kazakhstan
Kazakhstan
Kazakhstan
Cand. Sc. (Econ.), Director of the Scientific Center for Economic Research, Email: bolat_76@mail.ru
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Review
For citations:
Kadyrov B., Kuantkan B. Kazakhstan Economy Sustainable Development:Trade Dynamics Impact. Eurasian Journal of Economic and Business Studies. 2024;68(2):118–134. https://doi.org/10.47703/ejebs.v68i2.408
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