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Mutual influence of energy efficiency and innovation activity in the industrial sector of the economy

Author

Listed:
  • Khanbibi Nursapina

    (Higher School Economics and Audit)

  • Tursynzada Kuangaliyeva

    (Astana IT University)

  • Aizhan Uryngaliyeva

    (Zhangir Khan University)

  • Nurkhat Ibadildin

    (Astana IT University)

  • Serik Serikbayev

    (Al-Farabi Kazakh National University)

  • Ainagul Tulegenova

    (West Kazakhstan Innovation and Technology University)

  • Zhaxat Kenzhin

    (Academy of Physical Education and Mass Sports)

Abstract

The object of the study is energy efficiency and innovation activity of industrial enterprises. The literature review has shown that the problem of the nature of mutual influence of energy efficiency and innovation activity of the enterprise remains unresolved. The following problem was investigated: existence and nature of dependence of energy efficiency and innovation activity of industrial enterprises. This problem is solved in this study based on the construction of trend lines on the average annual dynamics of changes in energy efficiency, the share of intangible assets and the share of R&D results of large industrial enterprises for 2018–2022. The following results were obtained: – indicators of the share of intangible assets and R&D results directly affect the energy efficiency indicator; – the indicator of energy efficiency does not affect the indicator of the share of intangible assets, while it has a direct impact on the indicator of R&D results. These results explain the priority of the indicator "share of R&D results" in innovation activity for the energy efficiency of enterprises, as it is based on real production. The features of the obtained results consist in the application of comparable correlation analysis coefficients, confirming the existence of a direct relationship between these parameters. The paper provides recommendations on the use of the obtained results at the level of strategic management of an industrial enterprise. The practical significance of this study is the possibility of applying the findings and recommendations to improve the energy efficiency of industrial enterprises in their innovative development in the scope and conditions corresponding to the developing economy

Suggested Citation

  • Khanbibi Nursapina & Tursynzada Kuangaliyeva & Aizhan Uryngaliyeva & Nurkhat Ibadildin & Serik Serikbayev & Ainagul Tulegenova & Zhaxat Kenzhin, 2024. "Mutual influence of energy efficiency and innovation activity in the industrial sector of the economy," Eastern-European Journal of Enterprise Technologies, PC TECHNOLOGY CENTER, vol. 2(13 (128)), pages 6-14, April.
    • Handle: RePEc:baq:jetart:v:2:y:2024:i:13:p:6-14
    DOI: 10.15587/1729-4061.2024.299654
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    References listed on IDEAS

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    1. Sun, Huaping & Edziah, Bless Kofi & Kporsu, Anthony Kwaku & Sarkodie, Samuel Asumadu & Taghizadeh-Hesary, Farhad, 2021. "Energy efficiency: The role of technological innovation and knowledge spillover," Technological Forecasting and Social Change, Elsevier, vol. 167(C).
    2. Aizhan Ibyzhаnova & Elvira Rustenova & Zamzagul Sultanova & Gulnar Talapbayeva & Zhanat Yerniyazova, 2023. "Evaluation of the effectiveness of government support for technology entrepreneurship," Eastern-European Journal of Enterprise Technologies, PC TECHNOLOGY CENTER, vol. 5(13 (125)), pages 36-46, October.
    3. Chaudhary, Sanjay & Kaur, Puneet & Ferraris, Alberto & Bresciani, Stefano & Dhir, Amandeep, 2024. "Connecting entrepreneurial ecosystem and innovation. Grasping at straws or hitting a home run?," Technovation, Elsevier, vol. 130(C).
    4. Abbas, Jaffar & Balsalobre-Lorente, Daniel & Amjid, Muhammad Asif & Al-Sulaiti, Khalid & Al-Sulaiti, Ibrahim & Aldereai, Osama, 2024. "Financial innovation and digitalization promote business growth: The interplay of green technology innovation, product market competition and firm performance," Innovation and Green Development, Elsevier, vol. 3(1).
    5. Muhammad, Sulaman & Pan, Yanchun & Agha, Mujtaba Hassan & Umar, Muhammad & Chen, Siyuan, 2022. "Industrial structure, energy intensity and environmental efficiency across developed and developing economies: The intermediary role of primary, secondary and tertiary industry," Energy, Elsevier, vol. 247(C).
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    Cited by:

    1. Yerzhan Domalatov & Ardak Turginbayeva & Assel Apysheva & Ardakh Azimkhan & Karlygash Kamali & Tursynzada Kuangaliyeva & Zhaxat Kenzhin & Aizhamal Aidaraliyeva, 2024. "Identifying the characteristics of public-private partnership projects on green energy in developing countries with different incomes," Eastern-European Journal of Enterprise Technologies, PC TECHNOLOGY CENTER, vol. 5(13 (131)), pages 14-21, October.
    2. Menslu Sultanova & Akylbek Sultanov & Yelnaz Zhangaliyeva & Gaukhar Zhanibekova & Mainur Ordabayeva & Altynshash Zamanbekova & Nurkhat Ibadildin & Saule Primbetova, 2024. "Identifying features of the level of digitalization of banking services in different countries," Eastern-European Journal of Enterprise Technologies, PC TECHNOLOGY CENTER, vol. 5(13 (131)), pages 58-66, October.

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