Investments as a Factor of Sustainable Development of Rural Areas

Dana Sultankhanovna KURMANOVA; Aliya Sabirzhanovna ISMAILOVA; Gulim Kabikenovna UKIBAYEVA; Nailya Ermukhanovna ABDILDINOVA; Agipar BAKYEI

doi:10.14505/jemt.14.3(67).12

Dana Sultankhanovna KURMANOVA S. Seifullin Kazakh Agrotechnical University, Kazakhstan
Aliya Sabirzhanovna ISMAILOVA S. Seifullin Kazakh Agrotechnical University, Kazakhstan
Gulim Kabikenovna UKIBAYEVA Academy of Public Administration under the president of the Republic of Kazakhstan, Kazakhstan
Nailya Ermukhanovna ABDILDINOVA Esil University, Kazakhstan
Agipar BAKYEI Mongolian State University of Agriculture, Mongolia

DOI: https://doi.org/10.14505/jemt.14.3(67).12

Abstract

Sustainable development of agriculture depends heavily on the efficient utilization of all production factors, such as a reinforcement of physical infrastructure, application of science and technology, industry investment, and innovations. Agriculture plays a key role in the Kazakh economy and its sustainable development defines the country’s economic and political position. Therefore, agriculture has a complex strategic value, and activation of investments and innovations is a defining factor for the sustainable development of agriculture. The purpose of the study is to research the investment as a source and develop proposals to increase the investment for the sustainability of agriculture. The "Data Analysis” package was used for the study in a combination with methods of logical and statistical analysis. The calculations show that the combined impact of factors leads to an increased capacity for sustainable development of rural areas. The expected research results may vary and depend on the stakeholders’ interests. The proposed model will contribute to investment attractiveness, reinforcement of the investment activity and practical investment to agriculture, a high-quality design of investment projects, and personal interest of each agricultural producer in the results of their actions. Altogether, this will provide a significant increase in the economic efficiency of the industry.

References

[1] D'Amato, D., Korhonen, J., and Toppinen, A. 2019. Circular, Green, and Bio Economy: How Do Companies in Land-Use Intensive Sectors Align with Sustainability Concepts? Ecological Economics, 158: 116-133
[2] Gusakov, V.G. 2008. Agribusiness sustainability strategy - food security. Minsk: Belorusskaya nauka, 514 p. (in Russian).
[3] Gusakov, V.G. 2011. The mechanism of market organization of the agricultural complex: assessment and prospects. Minsk: Belorusskaya nauka, 363 p. (in Russian).
[4] Ivolga, A.G., and Uryadova, T.N. 2010. Organizational and economic problems of the effective involvement of agricultural land in civil law circulation. Russian economic online journal, 2: 120-127.
[5] Kornilova, A.A., et al. 2022. Identification of Regional Factors Affecting Management of Territories: Formation of Residence and Social Infrastructure System in Urban and Rural Settlements in Kazakhstan. Journal of Environmental Management and Tourism, 13(8): 2248-2254
[6] Makeev, V., et al. 2019. Modeling and assessing the effectiveness of investment projects in the agricultural sector. IOP Conference Series: Earth and Environmental Science, 403(1): 012077
[7] Martirosyan, A.V., Ilyushin, Y.V., and Afanaseva, O.V. 2022. Development of a Distributed Mathematical Model and Control System for Reducing Pollution Risk in Mineral Water Aquifer Systems. Water, 14: 151. DOI: https://doi.org/10.3390/w14020151
[8] Vinogradov, I.M., ed. 1985. Mathematical encyclopedia. Moscow: Sovetskaya entsiklopediya.
[9] Wolfart, S.B., Bortoluzzi, S.C., Schenatto, F.J.A., and de Lima, J.D. 2022. Methodologies for analyzing the economic viability of investment projects in dairy cattle: a systematic literature review. Custos e Agronegocio, 18(Special Issue): 145-169
[10] Agency for Strategic Planning and Reforms of the Republic of Kazakhstan. Bureau for National Statistics. 2021. Wage in the Republic of Kazakhstan 2016-2020. Statistical Report. Nur-Sultan.
[11] Damu Entrepreneurship Development Fund. 2019. Prospects for the development of the Akmola region: proposals of the Damu Fond. Almaty, 29 p.
[12] Department of the Bureau of National Statistics for Akmola region. 2021a. Agriculture, forestry and fisheries of the Akmola region 2016-2020. Statistical collection. Kokshetau.
[13] Department of the Bureau of National Statistics for Akmola region. 2022a. Agriculture, forestry and fisheries of the Akmola region 2021. Statistical collection. Kokshetau.
[14] Department of the Bureau of National Statistics for Akmola region. 2021b. Employment in the Akmola region 2016-2020. Statistical collection. Kokshetau.
[15] Department of the Bureau of National Statistics for Akmola region. 2022b. Employment in the Akmola region 2021. Statistical collection. Kokshetau.
[16] Department of the Bureau of National Statistics for Akmola region. 2021c. Investment and construction activity in the Akmola region 2016-2020. Statistical collection. Kokshetau.
[17] Department of the Bureau of National Statistics for Akmola region. 2021d. Regions of the Akmola region in 2020. Statistical collection. Kokshetau.
[18] Department of the Bureau of National Statistics for Akmola region. 2021e. Remuneration of labor in the Akmola region 2016-2020. Statistical collection. Kokshetau.
[19] Ministry of National Economy of the Republic of Kazakhstan. Committee on Statistics. n.d. www.stat.gov.kz
[20] State Program for the development of the agro-industrial complex of the Republic of Kazakhstan for 2017-2021, approved by the Resolution of the Government of the Republic of Kazakhstan dated July 12, 2018 No. 423. Available at: https://adilet.zan.kz/rus/docs/P1800000423#z12