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Regional development of small and midsize businesses in the conditions of forming of innovative economy of Kazakhstan: a case study

Author

Listed:
  • Shuakhbay Zamanbekov

    (Kazakh State Women's Pedagogical University, Kazakhstan)

  • Amangeldy Dogalov

    (L. N. Gumilyov Eurasian National University, Kazakhstan)

  • Darkhan Zamanbekov

    (Suleyman Demirel University, Kazakhstan)

  • Aigul Bildebayeva

    (Kazakh State Women's Pedagogical University, Kazakhstan)

  • Almagul Cheirkhanova

    (Narxoz University, Kazakhstan)

  • Aigul Bakirbekova

    (L. N. Gumilyov Eurasian National University, Kazakhstan)

  • Bakytkul Sikhimbayeva

    (Kazakh State Women's Pedagogical University, Kazakhstan)

Abstract

The article is devoted to the development of small and medium-sized enterprises (SMEs) in Kazakhstan which is recognized worldwide as an effective lever for economic growth of the country. It examines the current status and scope of activity of this business in Kazakhstan, as well as the possibility of its development in the future. It was found that the level of SMEs development in the low country, and the current structure of employment of its subjects are far from perfect. The causes of structural deformation of SMEs in business which is related to its lack of development in the industrial sector; the lack of its subjects in the manufacture of certain sectors define the intensive development of the economy. On the example of developed countries, where SMEs take the largest share in the production of the gross domestic product, the substantiation of the possibility of transformation of the business into a major sector of the economy in terms of its development on an innovative basis. Particular attention is paid to the SMEs creation around new innovative enterprises using the outsourcing system, franchising, and other business cooperation. At the same time recommendations on the use of the state to support mechanism to accelerate the growth of SMEs in the industrial sector and fully implement its technical industrial and socio-economic potential.

Suggested Citation

  • Shuakhbay Zamanbekov & Amangeldy Dogalov & Darkhan Zamanbekov & Aigul Bildebayeva & Almagul Cheirkhanova & Aigul Bakirbekova & Bakytkul Sikhimbayeva, 2020. "Regional development of small and midsize businesses in the conditions of forming of innovative economy of Kazakhstan: a case study," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 8(1), pages 618-639, September.
    • Handle: RePEc:ssi:jouesi:v:8:y:2020:i:1:p:618-639
    DOI: 10.9770/jesi.2020.8.1(43)
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    References listed on IDEAS

    as
    1. Zhanna Tsaurkubule & Zhaxat Kenzhin & Dana Bekniyazova & Gulmira Bayandina & Gulsara Dyussembekova, 2020. "Assessment of competitiveness of regions of the Republic of Kazakhstan," Post-Print hal-02569361, HAL.
    2. S I Cohen, 2015. "World Development and Economic Systems:Theory and Applications," World Scientific Books, World Scientific Publishing Co. Pte. Ltd., number 9367.
    3. Zhanna Tsaurkubule & Zhaxat Kenzhin & Dana Bekniyazova & Gulmira Bayandina & Gulsara Dyussembekova, 2020. "Assessment of competitiveness of regions of the Republic of Kazakhstan," Insights into Regional Development, VsI Entrepreneurship and Sustainability Center, vol. 2(1), pages 469-479, March.
    4. Svetlana E. Martynova & Yuri Glebovich Dmitriev & Marina M. Gajfullina & Yulia A. Totskaya, 2017. "“Service” Municipal Administration as Part of the Development of Youth Entrepreneurship in Russia," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 133(3), pages 1151-1164, September.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    small and medium enterprises; investment; innovation; cluster; outsourcing; franchising mechanism; localization and consulting;
    All these keywords.

    JEL classification:

    • M20 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - General
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General

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