The Impact of Service Sectors on Kazakhstan’s Economy

Si Thu Han, Sazzadul Arefin, Khin Myo Swe

Abstract


This paper investigates the influence of service sectors on gross domestic product (GDP) in Kazakhstan. The aim of this paper to determine the role of services such as tourism, finance, transportation, labor and technology in Kazakhstan’s economy over 1995-2014. The influence of labor force on GDP is significantly positive while technology has insignificant influence on GDP during the study period. The positive and significant effect of labor force in the case of Kazakhstan is consistent with neoclassical theory.


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DOI: https://doi.org/10.5296/ber.v8i4.13808

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Business and Economic Research  ISSN 2162-4860

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