Medium and High-Tech Enterprises of Kazakhstan: Factors of Organization and Development of Innovation

The research of innovation activity of enterprises is found at the nexus of management, economics, public administration, psychology, sociology, and technical sciences. That is because the involvement of people in this process implies a comprehensive assessment of interdependent factors operating at...

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Bibliographic Details
Published inMontenegrin journal of economics Vol. 18; no. 3; pp. 7 - 22
Main Author Kurmanov, Nurlan
Format Journal Article
LanguageEnglish
Published Podgorica Ekonomska Laboratorija za Istrazivanje Tranzicije 01.07.2022
University of Montenegro - Faculty of Economics Podgorica
Subjects
Econometrics
Economic development
Economic structure
Entrepreneurs
Entrepreneurship
Extractive industries
Funding
GDP
Gross Domestic Product
Human capital
Innovations
Interest rates
International organizations
Labor productivity
Manufacturing
Per capita
Population
R&D
Raw materials
Regression analysis
Research & development
Unemployment
Kazakhstan
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Summary:The research of innovation activity of enterprises is found at the nexus of management, economics, public administration, psychology, sociology, and technical sciences. That is because the involvement of people in this process implies a comprehensive assessment of interdependent factors operating at the level of states, industries, regions, enterprises, social groups, and individuals. In the following paper we study the influence of various factors on organization and development of innovation activities at medium and high-tech enterprises of the manufacturing industry of Kazakhstan. The purpose of this study is to analyze the factors affecting the organization and development of innovation at medium and high-tech enterprises in Kazakhstan. Based on correlation and regression analysis we study the following factors: economic development; availability of human capital; quality of the investment environment; features of the economic structure; quality of human capital; innovative development of manufacturing enterprises; scientific potential; quality of the legal environment; availability of financing; state support. We conclude that econometric modeling of innovation at enterprises in Kazakhstan is never a simple task. The study reveals that labor productivity positively affects innovation and competitiveness of enterprises, and that a human capital turns out to be a more important factor of innovation activity of enterprises in Kazakhstan than research and development costs due to their inefficiency.
ISSN:1800-5845
1800-6698
DOI:10.14254/1800-5845/2022.18-3.1