Autori
Raushanov, Yerzhan
B. Akhmetov, Turekhan

Titolo
Industrial policy impact on competitiveness of companies and sustainable development in post-communist Kazakhstan
Periodico
Rivista di studi sulla sostenibilità
Anno: 2023 - Fascicolo: 1 - Pagina iniziale: 167 - Pagina finale: 186

Industrial policy that can include industrial programs, liberalization of trade, anti-trust policy or price of capital regulation, in the context of post-communist Ka-zakhstan with its historical particularities of institutions has distinctive features. In order to develop different sectors of economy Kazakhstan government imple-mented two sequential industrial programs for 2010-2019 period. It was expected positive effect of the industrial programs and another initiatives of industrial poli-cy on survivorship of companies inside the country. However, concentration rates of companies and retailers within 20 industries that are highly dependent on indus-tries within programs, were increasing during the period of programs realization and liberalization of trade. In order to estimate which of instruments of the indus-trial policy are effective we employ logistic regression model where competitive-ness of companies is dependent on observed factors. The secondary dataset con-sists of 2271 observations at firm level obtained from Euromonitor International and official sources of Kazakhstan government. We find significant impact of Herfindahl-Hirschman index of companies and an interest rate of the National Bank of Kazakhstan on survivorship of firms rather than other instruments of in-dustrial policy in this case. The more attention the government pays to these in-struments the more companies survive.



SICI: 2239-1959(2023)1<167:IPIOCO>2.0.ZU;2-2
Testo completo: http://www.francoangeli.it/riviste/Scheda_Rivista.aspx?IDArticolo=73694&Tipo=Articolo PDF

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