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Research Article Open Access
This paper shortly reviews the theories about innovation and evaluates the ingredients and perspectives of development of innovation policy in Kazakhstan. In the period of implementation of new economic reforms, Kazakhstan focused on extraction and export of natural resources. During realization of state programs, many innovation projects fail. Therefore, paper aims to investigate the main barriers and perspectives by providing policy recommendations for Government of Kazakhstan. In the period of further privatization of state organizations in Kazakhstan and globalization trends, the paper demonstrate a strong necessity for changes in present innovation programs. Understanding that a market capacity for innovation in Kazakhstan is limited, the paper aims to focus on ideas of export-oriented innovations.
Innovation policy, Growth strategies, Research and development, Innovative entrepreneurship, Export oriented innovation, Globalization trends, Accounting Review, International Business, Indexation, Profitability, Time Series, Panel Data, Empirical Analysis, Stock Market Returns, Human Capital, Monetary Policy , Small Firms, Business Cycle, Banking Research Studies, Capital Structure, Economics Studies, Financial plan, Fiscal and tax policies , Avenues of Investment, Wealth Management, Business Theory, Organizational studies, Parameter Estimation