Browsing by Author "Zupiruly G."

Now showing 1 - 2 of 2
  • Thumbnail Image
    ItemOpen Access
    FISCAL DECENTRALIZATION IN KAZAKHSTAN AND THE IMPACT ON ECONOMIC GROWTH
    (СДУ хабаршысы - 2023, 2023) Zupiruly G.; Zhanabay M.
    Abstract. This article proposes a method for assessing the effects of fiscal decentralization on economic development. The relationship between the proper level of fiscal decentralization and economic growth for 17 regions and cities of republican significance in Kazakhstan from 2010 to 2020 was evaluated using panel data. Panel cointegration and dynamic ordinary least squares (DOLS) results suggest that fiscal decentralization has a negative and significant impact on gross regional product. The study found that both income and expenditure decentralization have a negative impact on economic growth, and that further fiscal decentralization currently has a negative impact on gross regional product (GRP) growth. Given the premise that fiscal decentralization usually promotes local economic progress, this consistently significant and powerful result of our empirical analysis is surprising.
  • Thumbnail Image
    ItemOpen Access
    Impact of socio-economic factors and regional conflicts on macroeconomic factors
    (2023) Zupiruly G.
    This study examines the impact of socio-economic factors and regional conflicts on macroeconomic indicators, specifically gross domestic product per capita and foreign direct investment. The study employs panel unit root tests, cointegration tests, and dynamic fixed effect-autoregressive distributed lag models to analyze data from 115 countries. The results reveal that population growth, trade openness, life expectancy at birth, years of schooling, and the global peace index significantly influence gross domestic product per capita in both the short and long term. However, their effects on foreign direct investment are less clear. The study highlights the negative short-term impact of rapid population growth on GDP per capita, the positive short-term effect of trade openness on GDP per capita, and the long-term negative effect of trade openness on GDP per capita. Additionally, it underscores the importance of peace and stability in promoting economic growth, as conflicts are found to hinder economic prosperity. These findings provide valuable insights for policymakers in formulating effective economic policies and emphasize the need for further research on the relationship between socio-economic factors and foreign direct investment, as well as other potential determinants of economic growth.