The Role of Economic Investments in Mitigating Poverty Across Urban and Rural Kazakhstan
https://doi.org/10.47703/ejebs.v68i1.372
Abstract
This study employed a comprehensive analytical approach to examine the relationships between investments in healthcare, education, and other economic sectors and their impact on poverty levels in Kazakhstan in urban and rural contexts, allowing for nuanced insights into the differential impacts of investments across these settings. The analysis was structured around evaluating correlations, regression modeling, and ANOVA tests to assess the significance of the observed relationships. Results revealed significant positive correlations between investments in healthcare and education and poverty reduction, with these investments demonstrating a powerful impact in urban areas. Investments in other economic sectors, such as agriculture, industry, and construction, also showed correlations with poverty levels, underscoring the importance of integrated investment strategies. However, regional disparities in investment impacts were evident, highlighting the need for tailored approaches to address the unique challenges and opportunities in specific areas of Kazakhstan. Notably, the study identified particular regions requiring more focused attention due to fluctuations in sectoral contributions to the Gross Regional Product (GRP), variations in investment levels, and the distinct challenges rural areas face. The findings support the hypotheses that investments in healthcare and education significantly affect poverty reduction, with implications for policymakers and regional development strategies.
Keywords
Regional Economy,
Healthcare,
Education,
Urban Area,
Rural Area,
State Budget,
Socio-Economic Development
Supporting agencies: This research has been funded by the Science Committee of the Ministry of Science and Higher Education of the Republic of Kazakhstan (Grant “Development Strategy of Kazakhstan Regional Potential: Assessment of Socio-Cultural and Economic Potentials, Roadmap, Models and Scenarios Planning” BR18574240).
About the Authors
Gaukhar Kenzhegulova
University of International Business, named after K. Sagadiyev, Almaty, Kazakhstan
Kazakhstan
Kazakhstan
PhD candidate, Email: gaukhar.kenzhegulova@gmail.com
Aruzhan Jussibaliyeva
Kazakh-Russian International University, Aktobe, Kazakhstan
Kazakhstan
Cand. Sc. (Econ.), Associate Professor in the specialty “Economics”, Professor of Department of “Economic Disciplines”, Email: d_aruzhan2011@mail.ru
Kazakhstan
Cand. Sc. (Econ.), Associate Professor in the specialty “Economics”, Professor of Department of “Economic Disciplines”, Email: d_aruzhan2011@mail.ru
Dinara Mussabalina
University of International Business named after K.Sagadiyev, Almaty, Kazakhstan
Kazakhstan
Kazakhstan
PhD, Associate Professor, Email: d.mussabalina@gmail.com
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Review
For citations:
Kenzhegulova G., Jussibaliyeva A., Mussabalina D. The Role of Economic Investments in Mitigating Poverty Across Urban and Rural Kazakhstan. Eurasian Journal of Economic and Business Studies. 2024;68(1):114–130. https://doi.org/10.47703/ejebs.v68i1.372
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