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ISSN: 2162-6359

International Journal of Economics & Management Sciences
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  • Research Article   
  • Int J Econ Manag Sci 2017, Vol 6(6): 471
  • DOI: 10.4172/2162-6359.1000471

The SONA Project: A New Set of Innovations Indicators to Measure Efficiency of Managerial Economics in Developing Countries

Sailau Baizakov1*, Yerzhanov S2 and Mamytbekov E3
1Doctor of Economy, Scientific Supervisor, JSC Economic Research Institute, , Kazakhstan
2Deputy Chairman of the Board of Directors, JSC Economic Research Institute, , Kazakhstan
3Deputy of the Senate of the Parliament of the Republic of Kazakhstan, , Kazakhstan
*Corresponding Author : Sailau Baizakov Professor, Doctor of Economy, Scientific Supervisor, JSC Economic Research Institute, Kazakhstan, Tel: 77172701787, Email: [email protected]

Received Date: Oct 23, 2017 / Accepted Date: Nov 03, 2017 / Published Date: Nov 06, 2017

Abstract

The present paper reflects the outcomes of the in-depth analysis relating to the development of the economic analyses indicators to assess growth at different levels of the process of innovations in a national economy. It presents a new model of market equilibrium, which has been designed to restore a balance between the levels of production, employment, income and prices. Specifically, the paper developed a theorem, which has built on the set of the innovations indicators to measure growth in innovations in the development of national economies of world’s developing countries. The novice of the paper is in its justification of the qualitative theory of money as the core basis for assessing economic changes in the growth of innovations under the realities of the globalized world economy. The prime contribution of the study is that it puts a halt to the inefficient and ineffective utilization of natural, material, capital and labor resources. Moreover, it opens up an undisturbed path to the development of green economy thereby leading to the sustainable economic development that saves capital, labor, and environmentally-friendly resources.

Keywords: Macroeconomics; Innovations; Conservation of resources; Market equilibrium; Growth, Productivity

Citation: Baizakov S, Yerzhanov S, Mamytbekov E (2017) The SONA Project: A New Set of Innovations Indicators to Measure Efficiency of Managerial Economics in Developing Countries. Int J Econ Manag Sci 6: 471. Doi: 10.4172/2162-6359.1000471

Copyright: © 2017 Baizakov S, et al. This is an open-access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.

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