IMPACT OF THE FOREIGN DIRECT INVESTMENT AND LOGISTICS DEVELOPMENT ON THE COUNTRY’S ECONOMIC GROWTH: CASE OF THE REPUBLIC OF KAZAKHSTAN

Анотація

Purpose. According to Kazakhstan’s strategic geographical location and its aspirations to become a major transit and logistics hub in Central Asia, the purpose of the study is to investigate the relationship between economic growth and other variables as foreign direct investments and logistic performance. Methods. The data is derived from the World Band Data from 2007-2023 years. The research employs econometric modelling, based on previous studies and data analysis techniques. Correlation matrix is conducted prior to understand the relation between the performed variables. Originality / value of the research. By analyzing the data and employing econometric techniques, the research provides empirical evidence on how these factors influence the economic growth in the Republic of Kazakhstan. Furthermore, adding logistics performance in the analysis as a key variable shows the specificity of the research, considering the Kazakhstani ambitions to bolster its logistics infrastructure. Findings . The regression analysis indicates that the model has a high explanatory power. This indicates that GDP can be explained by the independent variables that are under the authors’ consideration. Logistics performance and energy consumption show statistically significance, while Foreign Direct Investment (FDI), urban population growth and infl ation do not have statistically significant power. The findings underscore the critical role of logistics performance in driving economic growth in the Republic of Kazakhstan. Investments in improving logistics infrastructure and effi ciency are likely to yield substantial benefits for the economy.

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