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The Impact of Service Sectors on Kazakhstan¡¯s Economy

Author

Listed:
  • Si Thu Han
  • Sazzadul Arefin
  • Khin Myo Swe

Abstract

This paper investigates the influence of service sectors on gross domestic product (GDP) in Kazakhstan. The aim of this paper to determine the role of services such as tourism, finance, transportation, labor and technology in Kazakhstan¡¯s economy over 1995-2014. The influence of labor force on GDP is significantly positive while technology has insignificant influence on GDP during the study period. The positive and significant effect of labor force in the case of Kazakhstan is consistent with neoclassical theory.

Suggested Citation

  • Si Thu Han & Sazzadul Arefin & Khin Myo Swe, 2018. "The Impact of Service Sectors on Kazakhstan¡¯s Economy," Business and Economic Research, Macrothink Institute, vol. 8(4), pages 45-51, December.
    • Handle: RePEc:mth:ber888:v:8:y:2018:i:4:p:45-51
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    More about this item

    Keywords

    Service sector; tourism; finance; transportation; labor; technology; GDP;
    All these keywords.

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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