ECONOMETRIC MODELLING OF GDP GROWTH BASED ON EDUCATION LEVELS IN KAZAKHSTAN

Abstract

This article uses econometric modelling to determine the dependence of Gross Domestic Product (GDP) growth on the changes in the level of education based on the analysis of statistics of innovative development of the economy of the Republic of Kazakhstan for the period 2011-2022. The purpose of this article is to model the dependence of GDP economic growth rate on the rate of change in the level of education in the Republic of Kazakhstan.

The obtained correlation makes it possible to determine the GDP growth rate by changes in each factor of the model and to estimate the level of influence of structural changes in the level of education on the GDP growth rate.

According to the results of the analysis, the innovative factors of reproduction and renovation growth were identified for the complete development of innovation potential of Kazakhstan. In this regard, the need for further studies and search for the most effective mechanisms for modelling the innovative activities of enterprises in Kazakhstan has become relevant.