The impact of economic growth on income distribution in the Republic of Kazakhstan

Issue 56, 2024

Aitolkyn Sagynbayeva, Saltanat Kondybayeva, Gulmira Andabayeva, Dauren Turarov

Received 18.01.2024, Revised 24.04.2024, Accepted 29.05.2024

https://doi.org/10.54919/physics/56.2024.236qk1

Abstract

Relevance. The study is relevant due to the necessity of understanding the intricate relationship between economic growth and income distribution in the Republic of Kazakhstan.

Purpose. The purpose of this research is to identify the causal relationships between income distribution and economic growth, empirically examine this relationship in Kazakhstan over five years (2016 to 2020), investigate the prevalence and trends of income distribution during this time, and determine the causality between economic growth and income inequality.

Methodology. The study employs mathematical modelling, synthesis, comparative analysis, classification, deduction, and literature review.

Results. The study presents its findings through figures, graphs, and tables, establishing a link between income distribution and GDP growth. It empirically examines the relationship between economic growth and income distribution in Kazakhstan from 2016 to 2020, identifies trends and prevalence of income distribution during this period, and outlines areas for future research on the causal relationship between economic growth and income inequality.

Conclusions. The study concludes that there is a significant link between economic growth and income distribution in Kazakhstan. The analysis reveals that economic growth impacts income inequality, with notable trends and patterns observed over the studied period. Future research should further investigate these causal relationships to inform policy decisions.

Keywords: Gini coefficient; decile ratio; consequences of income distribution; economic model

Suggested citation

Sagynbayeva A, Kondybayeva S, Andabayeva G, Turarov D. The impact of economic growth on income distribution in the Republic of Kazakhstan. Sci Herald Uzhhorod Univ Ser Phys. 2024;(56):2361-2371. DOI: 10.54919/physics/56.2024.236qk1

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