The impact of investments on the dynamics and quality of economic growth in Kazakhstan

Abstract

In contemporary times, investment in fixed capital has become the main driver of economic growth. During the pandemic, the government funds with the anti-crisis recovery framework were the main impetus of investment growth. In order to adapt to the new global trends in global production in the post-covid recovery, and to ensure long-term sustainable and high-quality economic growth, it is important for Kazakhstan to adopt new investment opportunities aimed at the growth of high added value industrial production, services, and new technologies. The article shows the relationship between the indicators of investments in fixed capital and the qualitative parameters of economic growth. The article analyzes the impact of investment on labor productivity and Kazakhstan's position in the worldwide economic complexity space. The article shows the contribution of state and quasi-state investments in fixed capital to the economic growth of the country. Relevant conclusions and recommendations are made based on the results of the study.