The Agricultural Factors Influencing the Economic Development of Kazakhstan

Abstract

This article aims to identify the impact of factors of agriculture on the economic growth of Kazakhstan. The literature review analyzes the current state of the agricultural sector and indicates the role of Kazakh agriculture in the development of the economy in world. Using the SPSS program, a multiple regression analysis was performed to investigate the relationship between six independent variables and one dependent variable of economic growth expressed as GDP per capita. When constructing the regression, four factors were used, namely investments in agriculture, productivity, livestock of cattle and poultry, and gross output of agricultural services, in addition, the interest rate and the unemployment rate were also taken into account. Descriptive statistics for variables were taken from the Bureau of National Statistics from 2003 to 2021. Three hypotheses were put forward, and two were accepted on a 5% significance level. The third hypothesis was not rejected, and at the same time, there was no evidence to accept it either. According to the results, a small change in GDP per capita as an investment in agriculture and crop yield change by one unit. Also, the difference in a dependent variable while cattle and poultry livestock and gross output of agricultural services change by one unit were insignificant when α=0.05. The government can use the results of the study to develop the economy from the perspective of agriculture.