INVESTMENT COMPONENT OF ECONOMIC GROWTH UNDER CONDITIONS OF THE REPUBLIC OF KAZAKHSTAN

Purpose - The purpose of this paper is to research and analyze the impact of basic socio-economic indicators on the effectiveness of the investment component of the economy and submit recommendations for improvement to raise capital for economic growth in Kazakhstan. Design/methodology/approach - In the study of dependencies of investment in fixed assets, consumer price index, refinancing rate, employed in the economy, cash in circulation for 12 years (quarterly) and the dynamics of the GDP of the RK based on econometric modeling had revealed a causal relationship between economic phenomena and defined direction of communication, which allowed to identify the factors that have a significant impact on the variation of the process. Originality/value - The value of the work is collecting bank of basic statistics in the context of quarters for the years 2000-2011, which is based on in-depth assessment of the investment of state allows to smooth out a number of levels studied the interaction of economic growth from a number of definite and indefinite factors of RK. Findings - This research shows the functional dependence of the economic growth of Kazakhstan for a significant period in the history of the country on the level of investment in fixed assets and the amount of cash in circulation. The main conclusions of this paper is the need to increase investment inflows in the real economy for sustained development of the national economy.