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Regional Economics: Theory and Practice
 

Karaganda economic region: The past, present, and future

Vol. 16, Iss. 3, MARCH 2018

PDF  Article PDF Version

Received: 24 August 2017

Received in revised form: 27 December 2017

Accepted: 15 January 2018

Available online: 15 March 2018

Subject Heading: INNOVATION AND INVESTMENT

JEL Classification: O33, O38, O44, R11

Pages: 516–535

https://doi.org/10.24891/re.16.3.516

Shuvalova G.A. Karaganda State Technical University, Karaganda, Republic of Kazakhstan
Shuvalovakstu@gmail.com

ORCID id: not available

Subject The article addresses the economic capacity of the Karaganda region, i.e. how to preserve, utilize, and build it up.
Objectives The purpose is to assess environmental and socio-economic capabilities of the Karaganda region, analyze theoretical and statistical studies on further development of the region under market economy.
Methods I employ economic, statistical, and comparative methods of research.
Results The analysis of statistical data for 2006–2015 shows that the Karaganda region can be assigned to depressed regions. It experiences a decline in the scope of scientific services, downward trends in capital investment in fixed assets. The paper states that it is imperative for the Karaganda region's ecological potential to be included in the economic capacity of the region category. I offer my own structure of the region's economic capacity. The main ideas of the paper can be used as a methodological basis for working out strategic plans for regional development.
Conclusions Under current conditions, the availability of a variety of development institutions, as well as a horizontal communication environment that ensures the transfer of new knowledge, should not lead to deterioration of ecological situation in the Karaganda region.

Keywords: old industrial region, economic strength, ecological potential, innovation

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