Received: 2019-03-16  |  Accepted: 2019-08-12  |  Published: 2019-09-30

Title

Institutional conditions of interaction of financial-credit and innovative economic sectors


Abstract

In this article, the authors consider one of the most important issues in the development of the Kazakhstani economy - strengthening the innovation component, capable of ensuring economic growth regardless of export revenues of the oil and gas sector of the country. According to the authors, the solution of this strategic task directly depends on the vector of state regulation, which should be characterized by integration and proportionality in ensuring more active and productive interaction of subjects of financial and credit and real (including innovation) sectors of the economy. In this regard, the authors, based on the use of a systems approach and the theory of institutionalism, carried out economic and mathematical modeling on data from a number of countries, allowing to determine the degree of influence of regulatory institutional measures on the quality of interaction between the subjects of these sectors. The obtained results allowed formulating a number of conclusions that can be a starting point in terms of improving the current regulatory system in the Republic of Kazakhstan.


Keywords

financial - credit sector, real and innovative sector, system of state regulation, interaction, economic development


JEL classifications

E44 , E58 , G18 , G21 , G24 , G28


URI

http://jssidoi.org/jesi/article/399


DOI


Pages

704-713


Funding


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

Authors

Rakhmetova, Aibota
Karaganda Economic University of Kazpotrebsoyuz, Karaganda, Kazakhstan https://www.keu.kz
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Kalkabayeva, Gaukhar
Karaganda Economic University of Kazpotrebsoyuz, Karaganda, Kazakhstan https://www.keu.kz
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Iskakova, Zagira
Karaganda Economic University of Kazpotrebsoyuz, Karaganda, Kazakhstan https://www.keu.kz
Financial Academy JSC, Nur-Sultan, Kazakhstan https://fin-academy.kz
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Kurmanalina, Anar
Karaganda Economic University of Kazpotrebsoyuz, Karaganda, Kazakhstan https://www.keu.kz
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Turmakhanbetova, Galiya
Karaganda Economic University of Kazpotrebsoyuz, Karaganda, Kazakhstan https://www.keu.kz
Financial Academy JSC, Nur-Sultan, Kazakhstan https://fin-academy.kz
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Journal title

Entrepreneurship and Sustainability Issues

Volume

7


Number

1


Issue date

September 2019


Issue DOI


ISSN

ISSN 2345-0282 (online)


Publisher

VšĮ Entrepreneurship and Sustainability Center, Vilnius, Lithuania

Cited

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References