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Entrepreneurship and Sustainability Issues Open access
Journal Impact FactorTM (2025) 1.5 Q3
Journal Citation IndicatorTM (2025) 0.25 Q4
Received: 2024-11-18  |  Accepted: 2025-04-23  |  Published: 2025-06-30

Title

Key factors influencing the growth of small and medium-sized business in emerging economies: the case of Kazakhstan


Abstract

This paper explores the key factors affecting the development of small and medium enterprises (SMEs) in emerging economies, specifically focusing on Kazakhstan. The primary goal is to identify key facets of the institutional environment that positively affect the development of SMEs and to assess the challenges and opportunities faced by these businesses in the Kazakhstani context. The study uses a mixed-methods approach that combines quantitative data analysis from national economic reports with qualitative insights gathered through interviews with SME owners and stakeholders. The results indicate that while SMEs in Kazakhstan contribute significantly to economic development, they encounter barriers such as limited access to finance, regulatory hurdles, and market competition. However, the findings also highlight emerging opportunities in digital transformation and government support initiatives to foster entrepreneurship. This research contributes to the understanding of SME growth in emerging markets and offers policy recommendations to enhance the sustainability and competitiveness of SMEs in Kazakhstan.


Keywords

SMEs, economic development, governmental support, institutions, entrepreneurship


JEL classifications

L26 , K20


URI

http://jssidoi.org/jesi/article/1316


DOI


Pages

312-324


Funding


This is an open access issue and all published articles are licensed under a
Creative Commons Attribution 4.0 International License

Authors

Baitursunov, Alibek
Kazakh Ablai Khan University of International Relations and World Languages, Almaty, Kazakhstan http://www.ablaikhan.kz
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Aitzhanova, Aigul
Kazakh Ablai Khan University of International Relations and World Languages, Almaty, Kazakhstan http://www.ablaikhan.kz
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Kopbaeva, Laura
Almaty Management University, Almaty, Kazakhstan http://www.almau.edu.kz
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Nurpeisova, Nazym
Almaty Technological University, Almaty, Kazakhstan https://atu.kz
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Nurpeisova, Leila
Kazakh Ablai Khan University of International Relations and World Languages, Almaty, Kazakhstan http://www.ablaikhan.kz
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Journal title

Entrepreneurship and Sustainability Issues

Volume

12


Number

4


Issue date

June 2025


Issue DOI


ISSN

ISSN 2345-0282 (online)


Publisher

VšĮ Entrepreneurship and Sustainability Center, Vilnius, Lithuania

Cited

Google Scholar

Article views & downloads

HTML views: 1761  |  PDF downloads: 1040

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