Assessing the differences in the levels and dynamics of economic development of Kazakhstani regions

Abstract

This study aims to analyze the level of differences based on effectiveness, statistical dependence, and mutual influence of economic indicators for ranking the regions of Kazakhstan. In the paper, a systematic algorithm of actions is used, ensuring the interconnectedness, the sequence of work, and the validity of the methods used. Several model specifications were formulated to identify interregional differences in economic development indicators: the operating data environment analysis model (DEA) and the random effects regression model (RE). The information database of the Bureau of National Statistics of the Republic of Kazakhstan for 2010–2020 was used. The construction of the RE model was carried out in the SPSS program. A regression model with fixed and random effects in panel data was employed to determine the impact of the selected indicators on gross regional product produced (GRP). Based on the results, the influence of the physical volume of industrial products on GRP per capita in the regions of Kazakhstan for 11 years was revealed in both models with a high significance of coefficients. The study results can be used by public administration bodies that carry out effective strategic management by smoothing interregional differences. Moreover, they can determine the prospects for studying other parameters based on efficiency, statistical dependence, and mutual influence of economic indicators for ranking regions. AcknowledgmentThis study has been funded by the Committee of Science of the Ministry of Science and Higher Education of the Republic of Kazakhstan (grant “Priorities and mechanisms of inclusive regional development of Kazakhstan in the context of overcoming the economic recession” AP09259004).

Keywords

• economic growth
• efficiency
• growth factors
• Kazakhstan
• management policy
• regional development