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

• Published in: Montenegrin journal of economics Vol. 18; no. 3; pp. 7 - 22
• Main Author: Kurmanov, Nurlan
• Format: Journal Article
• Language: English
• 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
• DOI: 10.14254/1800-5845/2022.18-3.1
• ISSN: 1800-5845

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.