Browsing by Author "Bolatov N."

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    PERSPECTIVES OF CONSUMER LENDING IN KAZAKHSTAN
    (СДУ хабаршысы - 2023, 2023) Bolatov N.
    Abstract. Consumer lending is a critical aspect of the modern economy, providing individuals with access to credit for various purposes. As we look towards the future, it is essential to understand how consumer lending may evolve and what factors may shape its development. This survey aimed to gather perspectives on consumer lending in the future, including potential trends, concerns, and preferences. It is very important because the volume of consumer lending in Kazakhstan has increased rapidly in last 5 years. The survey found that the majority of respondents were likely to use consumer lending services in the future, and they expected to see more personalized lending options, increased use of AI and machine learning in lending decisions, and more competition between lenders leading to lower interest rates. However, respondents also expressed concerns about potential risks associated with lending, such as high interest rates and debt accumulation, and were not sure on the potential popularity of alternative lending options. When it comes to choosing a lender, respondents considered reputation of the lenders more than other factors, it shows that goodwill of lenders more important than other factors in choosing a lender. Finally, respondents were divided on how the COVID-19 pandemic has impacted consumer lending, with some expecting tighter lending requirements and higher interest rates in the future, while others anticipated more lenient lending requirements and lower interest rates. Overall, these findings underscore the complex nature of consumer lending and the importance of considering multiple factors when assessing its development in the future. The research paper uses qualitative research method, if more accurately, author used a survey method to know the opinions of people about what they think about future of consumer lending in Kazakhstan.
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    The relationship between household debt and economic growth
    (2023) Bolatov N.
    Household debt level is rising despite of crises and big interest rates in a lot of countries, it can lead to bigger problems starting from recession in global level to defaults of present economic system. The household debt to GDP ratio has increased to 15.14, to 2.49 percentage point bigger from last year even if the average interest rate was 15-20%. However, the economic growth is also increasing in similarly same temp, showing that growth of debts will bring to a growth of some sectors in economics. The article aims to show the link between household debt and economic growth in Kazakhstan between 1996-2022. To achieve this goal article provides the relation of household debt on economic growth by using several economic models like Vector Autoregressive, Autoregression integrated moving average (ARIMA), regression with Newey-West standard errors, Pearson’s correlation model and etc. In article there are two group of data, from 1996 to 2022 annually and from 2007 to 2022 quarterly. Result has shown that there is strong positive relation between household debt and economic growth. Also, by analyzing the result of all model estimations author concluded that household debt affects to economic growth positively.