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Financial-credit and innovative economic sectors: evaluation of macroeconomic effects of regulation and interaction sectors

Author

Listed:
  • Aibota Rakhmetova

    (Karaganda Economic University of Kazpotrebsoyuz, Kazakhstan)

  • Gaukhar Kalkabayeva

    (Karaganda Economic University of Kazpotrebsoyuz, Kazakhstan)

  • Anar Kurmanalina

    (Karaganda Economic University of Kazpotrebsoyuz, Kazakhstan)

  • Zhanar Gusmanova

    (Karaganda Economic University of Kazpotrebsoyuz, Kazakhstan)

  • Gulzira Serikova

    (Karaganda Economic University of Kazpotrebsoyuz, Kazakhstan)

  • Baglan Aimurzina

    (Kazakh University of Economy, Finance and International Trade, Kazakhstan)

Abstract

In the article, the authors examine contemporary problems of the divergence of the interests of financial and credit institutions and enterprises operating in the innovation sector. Based on the study of theoretical and methodological approaches to the interaction of subjects of financial and innovative sectors of the economy, the authors obtained the results of economic-mathematical modeling on the effect of interaction between sectors on economic growth and assess the role of regulators in this process. The obtained results are interpreted through the prism of the experience of economically developed countries, which reached the greatest degree of synergy between the financial and innovative sectors of the economy. Conclusions are drawn regarding the need to develop preventive measures to eliminate the undesirable effects, including on the basis of the adaptation of best world experience.

Suggested Citation

  • Aibota Rakhmetova & Gaukhar Kalkabayeva & Anar Kurmanalina & Zhanar Gusmanova & Gulzira Serikova & Baglan Aimurzina, 2020. "Financial-credit and innovative economic sectors: evaluation of macroeconomic effects of regulation and interaction sectors," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 8(1), pages 1224-1237, September.
    • Handle: RePEc:ssi:jouesi:v:8:y:2020:i:1:p:1224-1237
    DOI: 10.9770/jesi.2020.8.1(82)
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    References listed on IDEAS

    as
    1. Dwenger, Nadja & Fossen, Frank M. & Simmler, Martin, 2020. "Firms’ financial and real responses to credit supply shocks: Evidence from firm-bank relationships in Germany," Journal of Financial Intermediation, Elsevier, vol. 41(C).
    2. Polterovich, Victor, 2007. "Institutional Trap," MPRA Paper 20595, University Library of Munich, Germany.
    3. Long Wu & Lei Xu, 2020. "Venture capital certification of small and medium‐sized enterprises towards banks: evidence from China," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 60(2), pages 1601-1633, June.
    4. Aibota Rakhmetova & Gaukhar Kalkabayeva & Zagira Iskakova & Zagira Iskakova & Anar Kurmanalina & Galiya Turmakhanbetova & Galiya Turmakhanbetova, 2019. "Institutional conditions of interaction of financial-credit and innovative economic sectors," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 7(1), pages 704-713, September.
    5. Diana Zavadska, 2018. "Determining The Role Of Banks In The Financing Of Innovative Development Processes Of The Economy," Baltic Journal of Economic Studies, Publishing house "Baltija Publishing", vol. 4(3).
    6. Shioji, Etsuro, 2019. "Quantitative `flooding' and bank lending: Evidence from 18 years of near-zero interest rate," Journal of the Japanese and International Economies, Elsevier, vol. 52(C), pages 107-120.
    7. Gauhar Kalkabayeva & Anar Kurmanalina & Zhanar Gusmanova, 2017. "Current State and Forecasting of the Development of Bank Crediting in Kazakhstan," Journal of Advanced Research in Law and Economics, ASERS Publishing, vol. 8(4(26)), pages 1161-1166.
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    More about this item

    Keywords

    financial sector; innovation sector; interaction; economic growth; synergy; macroeconomic effects; institutional infrastructure; regulation;
    All these keywords.

    JEL classification:

    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy

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