Belarus and Kazakhstan: comparative analysis of socio-economic development

  • Catherine G. Gospodarik Belarusian State University, 4 Niezaliezhnasci Avenue, Minsk 220030, Belarus; Financial University under the Government of the Russian Federation, 49 Leningradskii Avenue, Moscow 125167, Russia https://orcid.org/0000-0002-5593-7728
  • Andrei V. Kisselev BTA Bank, 20-2 V. Haruzhai Street, Minsk 220123, Belarus

Abstract

The authors of the article analyse the experience of economic development of the EAEU partners Belarus and Kazakhstan over 30 years (1992–2022). The dynamics of economic growth and an increase in the share in the world economy are given. Considerable attention is paid to financial development and the formation of the investment process and capital markets of these countries. The state’s efforts to improve the efficiency of innovation systems are analysed. Recommendations on mutual borrowing of transformational experience are given.

Author Biographies

Catherine G. Gospodarik, Belarusian State University, 4 Niezaliezhnasci Avenue, Minsk 220030, Belarus; Financial University under the Government of the Russian Federation, 49 Leningradskii Avenue, Moscow 125167, Russia

PhD (economics), docent; head of the department of analytical economics and econometrics, faculty of economics, Belarusian State University, and professor at the department of business analysis, Financial University under the Government of the Russian Federation

Andrei V. Kisselev, BTA Bank, 20-2 V. Haruzhai Street, Minsk 220123, Belarus

deputy head of the governing body

References

  1. Kovalev M, Shkut A. Investment process and global capital market – trends of the XXI century. Bankawski vesnik. 2023;3:28–40. Russian.
  2. Gospodarik C, Kovalev M. Analysis of the EAEU countries financial systems and their impact on economic growth. Bankawski vesnik. 2020;8:18–25. Russian.
  3. Gospodarik C, Shkut A. [On the innovative potencial of the EAEU]. Financy, uchet, audit. 2023;2:43–45. Russian.
  4. Gospodarik CG, Losyakina PV. Analysis of the impact of digital and financial development of the country on its economic growth on the example of Belarus. Journal of the Belarusian State University. Economics. 2022;1:65–78. Russian.
  5. Goloventchik GG. Tsifrovaya transformatsiya belorusskoi ekonomiki v usloviyakh tsifrovoi globalizatsii [Digital transformation of the Belarusian economy in the context of digital globalisation]. Minsk: IVTs Minfina; 2022. 376 p. Russian.
Published
2023-12-13
Keywords: two-coordinate model, investment process, financial development, EAEU, export quota, mutual trade, economic growth, foreign trade, trade flows
How to Cite
Gospodarik, C. G., & Kisselev, A. V. (2023). Belarus and Kazakhstan: comparative analysis of socio-economic development. Journal of the Belarusian State University. Economics, 2, 61-71. Retrieved from https://journals.bsu.by/index.php/economy/article/view/5793
Issue
No 2 (2023): Journal of the Belarusian State University. Economics
Section
O. Economic Development, Innovation, Technological Change, and Growth

Copyright (c) 2023 Journal of the Belarusian State University. Economics

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