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<article article-type="research-article" dtd-version="1.3" xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xml:lang="ru"><front><journal-meta><journal-id journal-id-type="publisher-id">asu</journal-id><journal-title-group><journal-title xml:lang="ru">Вестник Атырауского университета имени Халела Досмухамедова</journal-title><trans-title-group xml:lang="en"><trans-title>Bulletin of the Khalel Dosmukhamedov Atyrau University</trans-title></trans-title-group></journal-title-group><issn pub-type="ppub">2077-0197</issn><issn pub-type="epub">2790-332X</issn><publisher><publisher-name>Атырауский университет имени Халела Досмухамедова</publisher-name></publisher></journal-meta><article-meta><article-id pub-id-type="doi">10.47649/vau.25.v77.i2.26</article-id><article-id custom-type="elpub" pub-id-type="custom">asu-2078</article-id><article-categories><subj-group subj-group-type="heading"><subject>Research Article</subject></subj-group><subj-group subj-group-type="section-heading" xml:lang="ru"><subject>ЭКОНОМИКА</subject></subj-group><subj-group subj-group-type="section-heading" xml:lang="en"><subject>ECONOMICS</subject></subj-group></article-categories><title-group><article-title>ЭКОНОМЕТРИЧЕСКАЯ МОДЕЛЬ ОЦЕНКИ ВЛИЯНИЯ ИНВЕСТИЦИЙ В ЧЕЛОВЕЧЕСКИЙ КАПИТАЛ НА РОСТ НАЦИОНАЛЬНЫХ ЭКОНОМИК</article-title><trans-title-group xml:lang="en"><trans-title>ECONOMETRIC MODEL FOR ASSESSING THE IMPACT OF INVESTMENTS IN HUMAN CAPITAL ON THE GROWTH OF NATIONAL ECONOMIES</trans-title></trans-title-group></title-group><contrib-group><contrib contrib-type="author" corresp="yes"><contrib-id contrib-id-type="orcid">https://orcid.org/0000-0002-3313-5417</contrib-id><name-alternatives><name name-style="eastern" xml:lang="ru"><surname>Серіккызы</surname><given-names>А.</given-names></name><name name-style="western" xml:lang="en"><surname>Serikkyzy</surname><given-names>A.</given-names></name></name-alternatives><bio xml:lang="ru"><p>Айсара Серіккызы - PhD, ассоциированный профессор</p><p>г.Алматы</p></bio><bio xml:lang="en"><p>Aisara Serikkyzy - PhD associate professor</p><p>Almaty</p></bio><email xlink:type="simple">a.serikkyzy@almau.edu.kz</email><xref ref-type="aff" rid="aff-1"/></contrib><contrib contrib-type="author" corresp="yes"><contrib-id contrib-id-type="orcid">https://orcid.org/0000-0002-8441-7182</contrib-id><name-alternatives><name name-style="eastern" xml:lang="ru"><surname>Бақтымбет</surname><given-names>А. С.</given-names></name><name name-style="western" xml:lang="en"><surname>Baktymbet</surname><given-names>A.</given-names></name></name-alternatives><bio xml:lang="ru"><p>Әсем Бақтымбет - кандидат экономических наук, доцент</p><p>г. Астана</p></bio><bio xml:lang="en"><p>Asem Baktymbet - candidate of economic sciences, assistant professor </p><p>Astana</p></bio><email xlink:type="simple">assembaktymbet@gmail.com</email><xref ref-type="aff" rid="aff-2"/></contrib><contrib contrib-type="author" corresp="yes"><contrib-id contrib-id-type="orcid">https://orcid.org/0000-0002-8446-4456</contrib-id><name-alternatives><name name-style="eastern" xml:lang="ru"><surname>Бақтымбет</surname><given-names>С. С.</given-names></name><name name-style="western" xml:lang="en"><surname>Baktymbet</surname><given-names>S</given-names></name></name-alternatives><bio xml:lang="ru"><p>Сауле Бақтымбет – кандидат экономических наук, доцент</p><p>г. Астана</p></bio><bio xml:lang="en"><p>Saule Baktymbet - candidate of economic sciences, assistant professor </p><p>Astana</p><p> </p><p> </p></bio><email xlink:type="simple">sbaktymbet@gmail.com</email><xref ref-type="aff" rid="aff-2"/></contrib><contrib contrib-type="author" corresp="yes"><contrib-id contrib-id-type="orcid">https://orcid.org/0000-0001-9009-8686</contrib-id><name-alternatives><name name-style="eastern" xml:lang="ru"><surname>Рахимбердинова</surname><given-names>М. У.</given-names></name><name name-style="western" xml:lang="en"><surname>Rakhimberdinova</surname><given-names>M.</given-names></name></name-alternatives><bio xml:lang="ru"><p>Мадина Рахимбердинова - PhD, профессор, Бизнес школа</p><p>г.Усть- Каменогорск, 070004</p></bio><bio xml:lang="en"><p>Madina Rakhimberdinova - Doctor PhD, Professor, Business school</p><p>Ust-Kamenogorsk, 070004</p></bio><email xlink:type="simple">rmu_uk@mail.ru</email><xref ref-type="aff" rid="aff-3"/></contrib></contrib-group><aff-alternatives id="aff-1"><aff xml:lang="ru">Алматы менеджмент университет ALMAU<country>Казахстан</country></aff><aff xml:lang="en">Almaty management university (ALMAU)<country>Kazakhstan</country></aff></aff-alternatives><aff-alternatives id="aff-2"><aff xml:lang="ru">Казахский университет технологий и бизнеса имени К.Кулажанова<country>Казахстан</country></aff><aff xml:lang="en">K.Kulazhanov Kazakh university of technology and business<country>Kazakhstan</country></aff></aff-alternatives><aff-alternatives id="aff-3"><aff xml:lang="ru">ВКТУ имени Д. Серикбаева<country>Казахстан</country></aff><aff xml:lang="en">D. Serikbayev East Kazakhstan technical university<country>Kazakhstan</country></aff></aff-alternatives><pub-date pub-type="collection"><year>2025</year></pub-date><pub-date pub-type="epub"><day>22</day><month>07</month><year>2025</year></pub-date><volume>77</volume><issue>2</issue><fpage>300</fpage><lpage>316</lpage><permissions><copyright-statement>Copyright &amp;#x00A9; Серіккызы А., Бақтымбет А.С., Бақтымбет С.С., Рахимбердинова М.У., 2025</copyright-statement><copyright-year>2025</copyright-year><copyright-holder xml:lang="ru">Серіккызы А., Бақтымбет А.С., Бақтымбет С.С., Рахимбердинова М.У.</copyright-holder><copyright-holder xml:lang="en">Serikkyzy A., Baktymbet A., Baktymbet S., Rakhimberdinova M.</copyright-holder><license license-type="creative-commons-attribution" xlink:href="https://creativecommons.org/licenses/by/4.0/" xlink:type="simple"><license-p>This work is licensed under a Creative Commons Attribution 4.0 License.</license-p></license></permissions><self-uri xlink:href="https://www.vestnik-asu.kz/jour/article/view/2078">https://www.vestnik-asu.kz/jour/article/view/2078</self-uri><abstract><p>Человеческий капитал, являющийся основой национального благосостояния, занимает центральное место в экономической науке. Исследование механизмов влияния на экономический рост выявляет важные аспекты, включая демографические, образовательные и мотивационные факторы. Исследуемые компоненты определяют качество трудовых ресурсов, уровня производительности и вклад в развитие высокотехнологичных отраслей. Влияние человеческого капитала выражается через стимулирование инноваций, повышение конкурентоспособности и сокращение социально-экономического неравенства.</p><p>Несмотря на существенные достижения в теории и практике, единые подходы к оценке человеческого капитала остаются нерешенной задачей. В условиях глобализации и ускоряющегося технологического прогресса Казахстан сталкивается с необходимостью совершенствования методов управления человеческим капиталом для достижения устойчивого роста и социально-экономической стабильности.</p><p>Цель данного исследования заключается в развитии и применении эконометрической модели, отражающей влияние инвестиций в человеческий капитал на темпы и устойчивость экономического роста. Рассматривая модели экономического роста, исследование подчеркивает значимость интеграции человеческого капитала в макроэкономический анализ. Включение образовательных параметров и технологических изменений в экономические модели позволяет глубже понять процессы дивергенции и конвергенции между странами. Эндогенные теории роста, фокусируясь на внутренних факторах, связывают инновационный потенциал и темпы экономического роста с накоплением знаний и навыков.</p><p>Выводы исследования подчеркивают необходимость инвестирования в образование, здравоохранение и профессиональную подготовку. Данные меры формируют условия для долгосрочного экономического развития, повышая благосостояние общества и укрепляя конкурентоспособность национальных экономик. Экономическая политика, ориентированная на инклюзивный рост и справедливое распределение благ, становится залогом к устойчивому развитию.</p><p>Поддержание высокого качества человеческого капитала требует комплексного подхода, включающего разработку образовательных стратегий, активизацию научно-исследовательской деятельности и повышение доступности ресурсов. Следовательно, человеческий капитал выступает основным драйвером инновационного развития и благосостояния общества в долгосрочной перспективе.</p></abstract><trans-abstract xml:lang="en"><p>Human capital, which is the basis of national welfare, occupies a central place in economics. The study of the mechanisms influencing economic growth reveals essential aspects, including demographic, educational, and motivational factors. The studied components determine the quality of labor resources, productivity levels, and contribution to the development of high-tech industries. The impact of human capital is expressed through stimulating innovation, increasing competitiveness, and reducing socio-economic inequality.</p><p>Despite significant achievements in both theory and practice, unified approaches to assessing human capital remain an unsolved task. In the context of globalization and accelerating technological progress, Kazakhstan faces the need to enhance human capital management methods to achieve sustainable growth and socio-economic stability. Considering economic growth models, the study emphasizes the importance of integrating human capital into macroeconomic analysis.</p><p>The purpose of this study is to develop and apply an econometric model that reflects the impact of investments in human capital on the pace and sustainability of economic growth. The inclusion of educational parameters and technological changes in economic models allows for a deeper understanding of the processes of divergence and convergence between countries. Endogenous growth theories, which focus on internal factors, link innovation potential and economic growth rates to the accumulation of knowledge and skills. The study's findings highlight the need to invest in education, healthcare, and vocational training. These measures create conditions for long-term economic development, thereby increasing societal welfare and strengthening national economies' competitiveness.</p><p>An economic policy focused on inclusive growth and equitable distribution of benefits is becoming the key to sustainable development. Maintaining the high quality of human capital requires an integrated approach, encompassing the development of effective educational strategies, the intensification of research activities, and the increased availability of resources. Consequently, human capital is the primary driver of long-term innovative development and societal welfare.</p></trans-abstract><kwd-group xml:lang="ru"><kwd>эконометрическая модель</kwd><kwd>человеческий капитал</kwd><kwd>экономический рост</kwd><kwd>инвестиции</kwd><kwd>национальная экономика</kwd><kwd>устойчивое развитие</kwd><kwd>государственная политика</kwd></kwd-group><kwd-group xml:lang="en"><kwd>econometric model</kwd><kwd>human capital</kwd><kwd>economic growth</kwd><kwd>investments</kwd><kwd>national economy</kwd><kwd>sustainable development</kwd><kwd>public policy</kwd></kwd-group><funding-group xml:lang="ru"><funding-statement>Данное исследование финансируется Комитетом науки и высшего образования Министерства науки и высшего образования Республики Казахстан (грант № AP19680201 на 2023-2025 гг).</funding-statement></funding-group></article-meta></front><back><ref-list><title>References</title><ref id="cit1"><label>1</label><citation-alternatives><mixed-citation xml:lang="ru">Schultz T. 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