Central Asian Economic Review最新文献

{"title":"DESIGN AND IMPLEMENTATION OF AN AUTOMATED BUDGETING SYSTEM AT A MINING ENTERPRISE: THE CASE OF RG GOLD LLP","authors":"A. Nurpeissova, Zh. M. Dyussembekova, A. D. Issayeva","doi":"10.52821/2789-4401-2023-5-6-21","DOIUrl":"https://doi.org/10.52821/2789-4401-2023-5-6-21","url":null,"abstract":"This article is aimed to investigate the process of designing and implementing an automated budgeting system at a mining enterprise in order to provide an overview of methods, tools and stages of implementation, as well as an analysis of the advantages and practical examples of using this system.The purpose of the research is to identify the features of the budget process and develop recommendations for the successful implementation of an automated budgeting system to improve fi nancial management and increase the effi ciency of a mining enterprise.Methodology. The following scientifi c methods were used in the study: comparative analysis; synthesis; methods of systematization and generalization, in-depth interview, SWOT analysis.Originality / value of the research. The value of this study consists in identifying the key problems of budgeting of industrial enterprises of the Republic of Kazakhstan, developing a methodology for designing and implementing an automated budgeting system for the gold mining company RG Gold LLP. The introduction of an automated budgeting system at the enterprise has made it possible to reduce the time spent on consolidating data when forming budget applications, reduce the risk of the human factor, increase the time for forecasting and modeling the budget for making management decisions and increasing competitiveness in the market.Findings. Based on diagnostics, SWOT analysis of the current budgeting system in the fi nancial management system of RG Gold LLP and an expert survey to identify its limitations, user needs for the automation process were determined.A model product for automation of the budgeting system with functional testing of the budget campaign of RG Gold»LLP for 2024 has been designed.The automated budgeting system of Anaplan RG Gold LLP has been confi gured and training programs for its users have been developed.The potential impact of the Anaplan budgeting automation system on accelerating the process of making strategic fi nancial and managerial decisions and increasing labor productivity by saving time, labor and fi nancial resources in RG Gold LLP were estimated.","PeriodicalId":111477,"journal":{"name":"Central Asian Economic Review","volume":"82 23","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-01-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139611128","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"EARNINGS QUALITY DURING COVID-19: CENTRAL ASIAN CASE","authors":"A. Nauruzbayev, M. Berniyazova","doi":"10.52821/2789-4401-2023-5-99-109","DOIUrl":"https://doi.org/10.52821/2789-4401-2023-5-99-109","url":null,"abstract":"The purpose of this research. In 2021 Gong & Choi investigated the eff ect of State ownership on Accounting quality. Positive relationship between State ownership and Earnings management has weakened in recent years, which is the result of the eff ective mixed-ownership reform [1]. Our research is an event study to assess the impact of COVID-19 on the National IPO/SPO Program results in terms of Earnings quality changes in partial state-owned enterprises.Methodology. We analyze 572 unbalanced panel fi rm-year observations during 2009-2021period. Sample data is extracted from KASE Stock Exchange population across diff erent industries excluding fi nancial institutions and investment holdings. To estimate Earnings quality, we combine Kasznik cash fl ow model for accrual-based Earnings management and Roychowdhury aggregate model for real activity Earnings management [2; 3].Findings. We found that COVID-19 positively aff ected Earnings quality in partially state-owned companies and its eff ect was stronger compared to Earnings quality in 100 % owned private and state enterprises. Despite such the immediate and positive reaction, in post COVID-19 2021 year, Earnings quality deteriorated in partial state-owned companies (with 50-99 % Government ownership) up to the level of 100 % private/state companies.Originality / value of the research. Our study is among the fi rst attempts to analyze Earnings quality dynamics over 2009-2021 horizon in Kazakhstan with the assessment of COVID-19 impact. As a practical recommendation, our research fi ndings could be integrated into the National IPO/SPO Program as a red fl ag to impact Earnings quality trend in partial state-owned enterprises.","PeriodicalId":111477,"journal":{"name":"Central Asian Economic Review","volume":"27 6","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-01-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139610696","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"IMPORT SUBSTITUTION AS A DEVELOPMENT STRATEGY FOR COUNTRIES IN TRANSITION: THE EXPERIENCE OF KAZAKHSTAN","authors":"G. Aubakirova, F. Isataeva, V. Biryukov","doi":"10.52821/2789-4401-2023-5-21-37","DOIUrl":"https://doi.org/10.52821/2789-4401-2023-5-21-37","url":null,"abstract":"The purpose of the research is to reveal the role of Kazakhstan's import substitution policy in choosing the economic trajectory of economic development from the standpoint of its decarbonization and expansion of international cooperation.Methodology: the theoretical and methodological basis of the research is based on the methods of systemic and structural analysis, which allow studying the essence of the import substitution policy and identifying the degree of its impact on the economy of Kazakhstan. characterizing the policy of import substitution.The originality / value of the research lies in the rationale for accelerating the adaptation of the institutional framework to new realities, which will provide support for priority sectors of the economy as leaders of the new technological order.Findings – the structural constraints of the economy are identifi ed, which must be taken into account when implementing the import substitution policy. The most problematic sectors of the economy of Kazakhstan are identifi ed in terms of dependence on import supplies. The priority directions of the import substitution policy are formulated in the context of growing geopolitical risks and the transformation of global value chains. The key aspects of the transformation of the real sector of the economy of Kazakhstan, which has the potential to reduce import dependence and increase the attractiveness of foreign investors, are highlighted. The role of digital solutions in the implementation of the import substitution policy is substantiated.The practical signifi cance of the study. Kazakhstan adapts the accumulated world experience in the formation of import substitution policy. The example of Kazakhstan can be useful for countries with economies in transition, seeking to increase self-suffi ciency and competitiveness of the real sector of the economy, expanding their presence in international markets.","PeriodicalId":111477,"journal":{"name":"Central Asian Economic Review","volume":"83 17","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-01-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139610945","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"ASSESSMENT OF THE COMPETENCE APPROACH IN THE TRAINING OF CIVIL SERVANTS: THE EXPERIENCE OF THE ACADEMY OF PUBLIC ADMINISTRATION OF KAZAKHSTAN","authors":"E. K. Abil","doi":"10.52821/2789-4401-2023-5-72-83","DOIUrl":"https://doi.org/10.52821/2789-4401-2023-5-72-83","url":null,"abstract":"The purpose of the study: The study is aimed at assessing how the competence-based approach implemented in the personnel training system at the Academy of Public Administration contributes to the eff ectiveness and adaptation of future civil servants to modern challenges and requirements of the service in conditions of uncertainty.Methodology: The methodology includes an analysis of educational programs and practices implemented by the Academy, with a focus on the competence approach. The assessment includes the study of the application of the approach in the selection, training, and development of personnel, taking into account the requirements of the civil service.Originality / value of the research: The article is a primary study devoted to the analysis of the experience of the Academy of Public Administration in the context of the application of a competence-based approach in the process of training personnel for public service. The results of the study can serve as a basis for further improvements in the system of training civil servants.Findings: The study emphasizes that the competence approach and competence management in Kazakhstan are aimed at strategic planning of human resources and improvement of public service. However, despite the improvements, there is insuffi cient use of competencies, which requires a wider introduction of information about competencies in government agencies and educational institutions to attract young talents.","PeriodicalId":111477,"journal":{"name":"Central Asian Economic Review","volume":"36 6","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-01-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139610469","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"DIRECTIONS FOR DEVELOPING THE RESPONSIBLE INVESTMENT SUPPORT ECOSYSTEM IN KAZAKHSTAN IN THE CONTEXT OF IMPLEMENTING THE NATIONAL CONCEPT OF SUSTAINABLE DEVELOPMENT","authors":"Yevgeniy Varavin, M. V. Kozlova, O. Kuur","doi":"10.52821/2789-4401-2023-4-80-96","DOIUrl":"https://doi.org/10.52821/2789-4401-2023-4-80-96","url":null,"abstract":"The purpose of the study is to develop practical recommendations for the formation of an effective ecosystem of financial support for environmentally responsible investments in Kazakhstan based on the study of foreign experience in the development of “green” financing and ESG investments.Methodology – in the course of the study, methods of comparative assessments, logical generalization, analogy, systematization and grouping of data were used; the study was based on publications of domestic and foreign authors in scientific publications.Originality / significance of the study – the results of the study can be applied in improving the state policy in the field of building an ecosystem of responsible investment and “green” financing in Kazakhstan. The comprehensive use of the research results will give impetus to the development of the financial market of Kazakhstan and increase the effectiveness of the financial policy, ensuring the sustainability of the economy.Research results – the concept of an ecosystem is considered and its main elements are described; the content of the ecosystem of financial support for environmentally responsible investments is studied; the elements of the global ecosystem supporting responsible financing and “green” finance are typologized and international organizations developing a methodology for responsible investment at the global, interregional and national levels were identified; the analysis of measures for the development of the “green” component of Kazakhstan stock market is carried out, the volume of ”green” bonds on the KASE and AIX exchanges was estimated.The general scheme of the ecosystem of financial support for environmentally responsible investments in Kazakhstan is presented, which will be based on the Agency for Regulation and Development of the Financial Market, the Ministry of Ecology, Geology and Natural Resources, the Ministry of Energy, “Astana” International Financial Center. Recommendations for more active involvement of the National Bank of Kazakhstan and local authorities in the development of environmentally responsible financing are formulated. In conclusion, 10 main directions of further development of the ecosystem of “green” financing in Kazakhstan are proposed.","PeriodicalId":111477,"journal":{"name":"Central Asian Economic Review","volume":"42 6-7","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-11-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139267439","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"USE OF DIGITAL TECHNOLOGIES IN FINANCING PROJECTS OF SUSTAINABLE DEVELOPMENT IN KAZAKHSTAN","authors":"G. Kalkabayeva, M. Assanova, S. B. Glazunova","doi":"10.52821/2789-4401-2023-4-96-106","DOIUrl":"https://doi.org/10.52821/2789-4401-2023-4-96-106","url":null,"abstract":"The purpose of the study is to identify new mechanisms for increasing financial support for sustainable development projects in Kazakhstan based on the use of digital technologies.Methodology. To conduct the study, the methods of content analysis of scientific literature, dynamic analysis of indicators for the development of sustainable financing in Kazakhstan, and comparative analysis of the possibilities of investment platforms and portals were applied. The statistical data of the Green Finance Center in AIFC, the Bureau of National Statistics of the Agency for Strategic Planning and Reforms of the Republic of Kazakhstan, international and national standards and guidelines in the field of sustainable development were studied.Originality/value of the research. The study is aimed at solving the actual problem of developing sustainable financing in Kazakhstan. To achieve this goal, the study proposes the use of digital platforms that will help to attract private investment in sustainable development. The criteria for checking projects for compliance with the goals of sustainable development have been systematized.Research results. The stages of developing a digital platform for financing sustainable development projects, logical relationships between processes and information flows, types of connections between platform users are determined. The platform solution can contribute to the growth of funding for the green economy and social projects and make a significant contribution to the promotion of sustainable development priorities.","PeriodicalId":111477,"journal":{"name":"Central Asian Economic Review","volume":"61 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-11-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139266752","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"STRATEGIC PLANNING IN UNIVERSITIES OF KAZAKHSTAN IN THE POST-PANDEMIC PERIOD","authors":"A. B. Makatova, G. Kuchumova, K. Moldashev","doi":"10.52821/2789-4401-2023-4-56-65","DOIUrl":"https://doi.org/10.52821/2789-4401-2023-4-56-65","url":null,"abstract":"The purpose of the research – This research aims to study the practices of strategy development in public and private universities in Kazakhstan and develop recommendations for their improvement. Particular attention is paid to the strategy development process, stakeholder engagement, the impact of the pandemic, as well as issues of well-being and digitalization.Methodology – Semi-structured face-to-face and online interviews were used as a collection method. The researchers conducted 7 semi-structured interviews with senior or middle managers who participated or are involved in the development of the strategy (rector, vice-rector, head of the department), as well as an analysis of strategic documents.Originality / value of the research – There are many studies in the scientific literature on the impact of the pandemic on various processes in higher education, but the impact on the strategic planning process, taking into account digitalization and the well-being of students and staff, is poorly studied. This study fills this gap, and also shows practices and difficulties in strategic planning at universities in Kazakhstan.Findings – In the process of strategic planning, there is a top-down approach, with low involvement of stakeholders. In public universities, the dominant role is played by key performance indicators (KPIs), released by the EOM, turning strategies into a plan to achieve these KPIs. The pandemic has prompted universities to take a strategic approach to digitalization, but well-being issues are not taken into account in the planning process.","PeriodicalId":111477,"journal":{"name":"Central Asian Economic Review","volume":"60 4","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-11-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139272851","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"INVESTMENTS IN HUMAN CAPITAL AND COMPANY’S FINANCIAL STABILITY: IS THERE ANY RELATION?","authors":"A. Assanova, R. Malayeva, A. Ospanova","doi":"10.52821/2789-4401-2023-4-6-14","DOIUrl":"https://doi.org/10.52821/2789-4401-2023-4-6-14","url":null,"abstract":"The purpose of the research is to identify the impact of the investments in human capital on the general financial conditions of the largest private companies of the Republic of Kazakhstan, as well as to develop recommendations for companies to have better financial incentives for employees.Research methodology – there was applied panel data of ten companies throughout the 2022 year. The data analysis includes the variables of the number of employees, company size, revenue, trainings, qualifications and other similar courses, provided by the companies.Originality/value of the research – there are a lot of studies, that analyze how employees make an impact on company, however most of them have qualitative way of research. Authors, in turn, apply quantitative modelling and analyze the largest companies in Kazakhstan.Findings. Our findings show that the number of employees appears to have a statistically significant positive impact on revenue. More employees are associated with higher revenue.","PeriodicalId":111477,"journal":{"name":"Central Asian Economic Review","volume":"15 2","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-11-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139271427","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"TRENDS IN EMPLOYMENT AND WAGES IN THE LABOR MARKET OF KAZAKHSTAN","authors":"E. Yeralina, R. Alshanov, D. Razakova","doi":"10.52821/2789-4401-2023-4-15-29","DOIUrl":"https://doi.org/10.52821/2789-4401-2023-4-15-29","url":null,"abstract":"Purpose of the research – To determine trends in employment and wages in the labor market of Kazakhstan, depending on the level of qualification.Methodology – The study was carried out by the desk method and consisted of two stages. At the first stage of the study, general indicators of employment and wages were analyzed, at the second - depending on the level of qualification. The source base was the statistical data of the Bureau of National Statistics of the Agency for Strategic Planning and Reforms of the Republic of Kazakhstan. A limitation of the study was the lack of data on employment by age and region, as well as the studied statistical data for a certain period of time. The main research methods were comparison, economic and statistical analysis, horizontal and vertical analysis.Originality / value of the research – The study of employment and wages is especially relevant in the post-pandemic period, since the pandemic and the acceleration of digital transformation associated with it had a noticeable impact on the labor market development. This study is aimed at filling a research gap in the study of employment and wages in Kazakhstan’s labor market, depending on the level of qualification.Findings - The following trends can be distinguished in the labor market of Kazakhstan: an increase in employment in the tertiary sector of the economy, an increase in employment in the sectors of highly qualified services, an increase in the share of highly qualified and highly educated employees in the total number of employees, an increase in employment among women, a decrease in employment in professions and specialties related to routine physical work and repetitive learning tasks, rapid wage growth for skilled workers, gender segregation, wage inequality, including gender.","PeriodicalId":111477,"journal":{"name":"Central Asian Economic Review","volume":"9 4","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-11-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139273837","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"FREELANCING IN THE KAZAKHSTAN MARKET: NEW OPPORTUNITIES","authors":"Z. Rakhmetulina, A. B. Urekeshova, A. O. Suleimenova","doi":"10.52821/2789-4401-2023-4-45-55","DOIUrl":"https://doi.org/10.52821/2789-4401-2023-4-45-55","url":null,"abstract":"The purpose of the research. Assessment of the real volume of the freelance services market, the scale of freelancing in the Kazakh labor market based on the available official data from the information systems.Methodology includes the use of methods: statistical and quantitative analysis of labor market indicators; qualitative analysis in reviewing the works of domestic and foreign scientists on the topic of research; graphic methods of visualizing the results of the study.Originality/value of the research. The paper offers the results of the analysis of the current state and key problems of Kazakhstan's freelancing market; it assesses the scale of domestic freelancing, considered new prospects for the development of freelance, its social and economic role in solving the problems of reducing unemployment and ensuring employment of the population.Findings. Freelancing in Kazakhstan is currently not widespread and has little impact on the labor market, although many freelancers are still out of the picture. The freelance services market is closely interconnected with the situation on the labor market. Rather high level of unemployment, lack of opportunity to get a job in their specialty force people to this type of employment.","PeriodicalId":111477,"journal":{"name":"Central Asian Economic Review","volume":"21 7","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-11-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139274200","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}