IMPACT OF SMALL AND MEDIUM-SIZED TOURISM FIRMS ON EMPLOYMENT IN KAZAKHSTAN

Abstract

Nowadays, small and medium-sized tourism firms play a key role in the development of the national economy of Kazakhstan. In 2019, there were over 7000 small and medium-sized tourism firms in Kazakhstan. The tourism firms have many contributions to make labor-intensive and more often self-proprietary, comparatively improved levels of efficiency and better income distribution, has a strong socio-economic imperative for the country, and disseminates broadly the benefits of economic growth. However, there is a little information available on the impact of tourism firms on employment in Kazakhstan. The objective of this manuscript is to fill this information gap by investigating the impact of tourism firms on employment by applying regression analysis. The results of the regression analysis revealed that there is a positive relationship between tourism firms and unemployment reduction. This manuscript may be beneficial for practitioners and academicians. Examining the impact of tourism firms on employment tends to raise or provide some useful insights into some theoretical issues on one hand. On the other hand, it raises some practical implications for policy makers in the government.

Keywords

• tourism firms
• employment
• regression analysis
• kazakhstan