Work

Key factors influencing the growth of small and medium-sized business in emerging economies: the case of Kazakhstan

Year: 2025

Type: article

Abstract: This paper explores the key factors affecting the development of small and medium enterprises (SMEs) in emerging economies, specifically focusing on Kazakhstan.The primary goal is to identify key facets of the institutional environment that positively affect the development of SMEs and to assess the challenges and opportunities faced by these businesses in the Kazakhstani context.The study uses a mixed-methods approach that combines quantitative data analysis from national economic reports with qualitative insights gathered through interviews with SME owners and stakeholders.The results indicate that while SMEs in Kazakhstan contribute significantly to economic development, they encounter barriers such as limited access to finance, regulatory hurdles, and market competition.However, the findings also highlight emerging opportunities in digital transformation and government support initiatives to foster entrepreneurship.This research contributes to the understanding of SME growth in emerging markets and offers policy recommendations to enhance the sustainability and competitiveness of SMEs in Kazakhstan.

Source: Journal of Entrepreneurship and Sustainability Issues

DOI: 10.9770/m3684392483

Authors: Alibek Baitursunov, Aigul Aitzhanova, Laura Kopbaeva, Nazym Nurpeisova, Leila Nurpeisova

Institutions: Almaty Management University, Almaty Technological University

Language: English

Topic: Economic and Industrial Development

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDGs: Decent work and economic growth, Industry, innovation and infrastructure

Open Access status: gold

Estimated APC paid: $916