IDEAS home Printed from https://ideas.repec.org/a/ssi/jouesi/v8y2020i2p421-437.html

Investment climate and its influence on the development of entrepreneurship: practice of the Republic of Kazakhstan

Author

Listed:
  • Arslan Kulanov

    (Turan University, Kazakhstan)

  • Saltanat Tamenova

    (Turan University, Kazakhstan)

  • Kamilya Amenova

    (Narxoz University, Kazakhstan)

  • Alma Karshalova

    (Narxoz University, Kazakhstan)

  • Leila Tussupova

    (Turan University, Kazakhstan)

Abstract

The purpose of this study is to identify problems that impede the investment activities of small and medium-sized enterprises (SMEs) in the Republic of Kazakhstan, as well as to study the recommendations of the leading representatives in the business community regarding the activities of the authorities in creating a favorable investment climate. Expert interviews with the Kazakhstan’s entrepreneurs, representatives of Akimats, and representatives of the scientific community have been conducted during the study. The results of the expert survey allow to conclude that the Republic of Kazakhstan has developed a rather favorable investment climate in general, and the authorities have done significant work to create conditions for business development. However, according to the expert review, some problems in the implementation of investment projects by SMEs still remain. According to the experts, the most significant problems include the underdeveloped transport and logistics infrastructure, the lack of available production and office space, and difficulties with registering land, attracting foreign labor, as well as obtaining various permits required for doing business. As a result of the study, the recommendations have been made for eliminating the barriers that hinder the creation of a favorable investment climate and the successful development of SMEs in the Republic of Kazakhstan. According to the experts, the attention should be focused on creating and developing ready-made platforms for doing business for investors, improving transport and logistics infrastructure, speeding up the state property privatization, etc.

Suggested Citation

  • Arslan Kulanov & Saltanat Tamenova & Kamilya Amenova & Alma Karshalova & Leila Tussupova, 2020. "Investment climate and its influence on the development of entrepreneurship: practice of the Republic of Kazakhstan," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 8(2), pages 421-437, December.
    • Handle: RePEc:ssi:jouesi:v:8:y:2020:i:2:p:421-437
    DOI: 10.9770/jesi.2020.8.2(25)
    as

    Download full text from publisher

    File URL: https://jssidoi.org/jesi/uploads/articles/30/Kulanov_Investment_climate_and_its_influence_on_the_development_of_entrepreneurship_practice_of_the_Republic_of_Kazakhstan.pdf
    Download Restriction: no
    File URL: https://jssidoi.org/jesi/article/707
    Download Restriction: no
    File URL: https://libkey.io/10.9770/jesi.2020.8.2(25)?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Carmen Pagés-Serra & Reyes Aterido & Mary Hallward-Driemeier, 2007. "Investment Climate and Employment Growth: The Impact of Access to Finance, Corruption and Regulations Across Firms," Research Department Publications 4559, Inter-American Development Bank, Research Department.
    2. Marina Gennadievna Nikitina & Viktoriya Viktorovna Pobirchenko & Elena Alekseevna Shutaieva & Anna Ivanovna Karlova, 2018. "The investment component in a nation’s economic security: the case of the Russian Federation," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 6(2), pages 958-967, December.
    3. Gary Lynch-Wood & David Williamson, 2014. "Understanding SME responses to environmental regulation," Journal of Environmental Planning and Management, Taylor & Francis Journals, vol. 57(8), pages 1220-1239, August.
    4. Jean-Jacques Dethier & Maximilian Hirn & Stéphane Straub, 2011. "Explaining Enterprise Performance in Developing Countries with Business Climate Survey Data," The World Bank Research Observer, World Bank, vol. 26(2), pages 258-309, August.
    5. Solomon Akpoviroro Kowo & Olusegun Adeleke Oba Adenuga & Olalekan Owotutu Sabitu, 2019. "The role of SMEs development on poverty alleviation in Nigeria," Post-Print hal-02188849, HAL.
    6. Candice Branchoux & Lin Fang & Yusuke Tateno, 2018. "Estimating Infrastructure Financing Needs in the Asia-Pacific Least Developed Countries, Landlocked Developing Countries, and Small Island Developing States," Economies, MDPI, vol. 6(3), pages 1-21, August.
    7. Galizhan MADIYEV & Ukilyay KERIMOVA & Aidos YESPOLOV & Assel BEKBOSSYNOVA & Gaukhar RAKHIMZHANOVA, 2018. "Fostering Investment Innovative Activity within the Agro Industrial Complex of the Republic of Kazakhstan," Journal of Advanced Research in Management, ASERS Publishing, vol. 9(3), pages 533-541.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Paunov, Caroline & Rollo, Valentina, 2016. "Has the Internet Fostered Inclusive Innovation in the Developing World?," World Development, Elsevier, vol. 78(C), pages 587-609.
    2. Diagne, Youssoupha S, 2013. "Impact of business environment on investment and output of manufacturing firms in Senegal," MPRA Paper 54227, University Library of Munich, Germany.
    3. Bui, Anh Tuan & Pham, Linh Chi & Ta, Thi Khanh Van, 2021. "Financial And Legal Obstacles And Small And Medium Firm Performance: Evidence from Middle Income East Asian," GLO Discussion Paper Series 990, Global Labor Organization (GLO).
    4. Roza Shokan & Ainur Karipova & Aizhan Khoich & Gulmira Kabdullina & Nuradin Kudaibergenov & Gaukhar Niyetalina, 2019. "Economic levers of regulation of entrepreneurship," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 7(2), pages 1567-1581, December.
    5. Claudia Trentini & Malinka Koparanova, 2013. "Corruption and entrepreneurship: does gender matter?," ECE Discussion Papers Series 2013_1, UNECE.
    6. Harrison, Ann E. & Lin, Justin Yifu & Xu, Lixin Colin, 2014. "Explaining Africa’s (Dis)advantage," World Development, Elsevier, vol. 63(C), pages 59-77.
    7. AKM Asaduzzaman Patwary ∗, 2020. "Private Sector SMEs in Realizing SDG 1- "No Poverty" in the Context of Bangladesh," International Journal of Humanities, Arts and Social Sciences, Dr. Mohammad Hamad Al-khresheh, vol. 6(6), pages 274-288.
    8. Kenny, Charles & Klein, Michael & Sztajerowska, Monika, 2011. "A trio of perspectives on corruption : bias, speed money and"grand theft infrastructure"," Policy Research Working Paper Series 5889, The World Bank.
    9. Faiza Manzoor & Longbao Wei & Mohammad Nurunnabi & Qazi Abdul Subhan, 2019. "Role of SME in Poverty Alleviation in SAARC Region via Panel Data Analysis," Sustainability, MDPI, vol. 11(22), pages 1-14, November.
    10. Lurdes Martins & Jorge Cerdeira & Aurora A.C. Teixeira, 2020. "Does corruption boost or harm firms’ performance in developing and emerging economies? A firm‐level study," The World Economy, Wiley Blackwell, vol. 43(8), pages 2119-2152, August.
    11. da Silva, Fernando Moreira & Ferreira, Manuel Portugal & Serra, Fernando Ribeiro & Pinto, Cláudia Frias, 2019. "Government attenuation of institutional inefficiencies in capital markets: influence on the financial performance of Brazilian electricity distribution companies," Utilities Policy, Elsevier, vol. 60(C), pages 1-1.
    12. Andrei Vladimirovich Glotko & Hilary Izuchukwu Okagbue & Anatolij Sergeevich Utyuzh & Rustem Adamovich Shichiyakh & Evgeny Evgenievich Ponomarev & Elena Valentinovna Kuznetsova, 2020. "Structural changes in the agricultural microbusiness sector," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 8(1), pages 398-412, September.
    13. World Bank, 2011. "Challenges to Enterprise Performance in the Face of the Financial Crisis : Eastern Europe and Central Asia," World Bank Publications - Books, The World Bank Group, number 2316, April.
    14. Junianto Tjahjo Darsono & Erni Susana & Eko Yuni Prihantono & Eley Suzana Kasim, 2019. "Strategic policies for small and medium businesses in marketing through e-commerce," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 7(2), pages 1230-1245, December.
    15. Fu, Tong, 2020. "The dilemma of government intervention in a firm's financing: Evidence from China," International Review of Financial Analysis, Elsevier, vol. 71(C).
    16. Nidhiya Menon, 2015. "Gender And Technology Use In Developing Countries: Evidence From Firms In Kenya," Journal of Economic Development, Chung-Ang Unviersity, Department of Economics, vol. 40(3), pages 105-140, September.
    17. Andrew E. Hansen‐Addy & Mario Davide Parrilli & Ishmael Tingbani, 2025. "The impact of the regulatory business environment on SMEs' funding choices in developing countries: Evidence from Africa," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 30(1), pages 941-960, January.
    18. Brixiova, Zuzana & Égert, Balázs, 2017. "Entrepreneurship, institutions and skills in low-income countries," Economic Modelling, Elsevier, vol. 67(C), pages 381-391.
    19. Hazem,Nada & Zaki,Chahir, 2025. "Environmental Stringency and Firms’ Participation in Global Value Chains : Evidence for MENA Countries," Policy Research Working Paper Series 11161, The World Bank.
    20. Kinda, Tidiane, 2010. "Investment Climate and FDI in Developing Countries: Firm-Level Evidence," World Development, Elsevier, vol. 38(4), pages 498-513, April.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;

    JEL classification:

    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ssi:jouesi:v:8:y:2020:i:2:p:421-437. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Manuela Tvaronaviciene (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.