Scientific Potential as the Basis of Innovation Development of Kazakhstan

Authors

  • Bauyrzhan Yessengeldin Buketov Karaganda State University
  • Diana Sitenko Buketov Karaganda State University
  • Gulnaz Murzatayeva
  • Anar Yessengeldina

Abstract

The article describes the development of market mechanisms of high-tech sector of innovation system of the Republic of Kazakhstan. The structure of domestic expenditure on research and development of different countries is analyzed. The article revealed that the main problem for Kazakhstan science is the low level of development of innovation system, i.e., research and development are still not getting the production application. The results of the research activities and the estimation of the impact of research are considered. The relationship between the structure of domestic expenditure on research and development and the number of patent applications was investigated. Positive correlation between the number of patent applications and the financing of science business sector was revealed.

Keywords: innovation, science, research

JEL Classifications: N15, O32

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Author Biography

Diana Sitenko, Buketov Karaganda State University

associate professor, economic faculty

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Published

2016-07-23

How to Cite

Yessengeldin, B., Sitenko, D., Murzatayeva, G., & Yessengeldina, A. (2016). Scientific Potential as the Basis of Innovation Development of Kazakhstan. International Journal of Economics and Financial Issues, 6(3), 1019–1024. Retrieved from https://www.econjournals.com/index.php/ijefi/article/view/2232

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