IMPACT OF THE POVERTY INDEX ON UNEMPLOYMENT IN THE REPUBLIC OF KAZAKHSTAN

The manifestation of economic development is characterized by economic growth. However, rapid rates of economic growth alone cannot guarantee a reduction in poverty and unemployment in the country, an increase in the well-being of the population, or a solution to acute social problems. The current poverty level in the Republic of Kazakhstan is 5.3%, 1 million 619 thousand people, the unemployment rate is 4.7%, 452.2 thousand people. Poverty and unemployment are interrelated. On the one hand, unemployment worsens the social situation of citizens and leads to poverty, on the other hand, poverty limits basic needs for quality human capital, such as finding a good job in the future, getting an education, and development. The purpose of the study is to study the relationship between the depth of poverty, employees and unemployment rates, as well as to create a multivariate linear regression model. Eviews software was used to create the model. The results of the study showed that unemployment as a dependent variable has a close relationship with employees and the depth of poverty as an independent variable. According to the model, it can be concluded that unemployment increases as the depth of poverty increases and decreases as the number of employees increases. Based on the analysis conducted in the study, ways to improve the quality of life are shown.

1. Kazakstan Respublikasy Strategiyalyk zhosparlau zhane reformalar agenttіgіnіn Ulttyk statistika byurosy [Bureau of National Statistics of the Agency for Strategic Planning and Reforms of the Republic of Kazakhstan]. Available at: https://stat.gov.kz [in Kazakh] (accessed: 10.04.2024)

2. World bank (2022). The World Bank in Kazakhstan: Development news, research, data. The world bank, Kazakhstan, 2022. Available at: https://www.worldbank.org/en/country/kazakhstan [in English] (accessed: 11.04.2024)

3. Miladinov, G. (2020). Socioeconomic Development and Life Expectancy Relationship: Evidence From the EU Accession Candidate Countries. Genus, 76(1), 2. https://doi.org/10.1186/s41118-019-0071-0 [in English]

4. Adam, D., Olingo, F.Z., & Santoso, I.R. (2022). Analysis of the influence of Education and unemployment on poverty in the North-North cooperation area. 8(1). P. 97-111. https://doi.org/10.35906/jep.v8i1.1039 [in English]

5. Arkum, D., & Amar, H. (2022). The Influence of Economic Growth, Human Development, Poverty and Unemployment on Income Distribution Inequality: Study in the Province of the Bangka Belitung Islands in 2005- 2019. Journal Bina Praja. 14(3). P. 413-422. https://doi.org/10.21787/jbp.14.2022.413-422 [in English]

6. Dinar, M. I., Sifa, N., & Nurfahmiyati, N. (2022). Strategies in overcoming unemployment due to COVID19 in Sukagalih Village, Bandung City. Bina Ekonomi: Scientific Magazine Of The Faculty Of Economics, Parahyangan Catholic University. 26(1). P. 63-75. https://doi.org/10.26593/be.v26i1.5440.63-75 [in English]

7. Faizin & Moh. (2021). Effect of Minimum Wage, poverty and unemployment on HDI in East Java regency/ City. Journal of Ocean Economics and business. 12(2), P.214-227. https://doi.org/10.33059/jseb.v12i2.3027 [in English]

8. Soma A., Later D.S. M., & Sumual J.I. (2021). Analysis of the effect of unemployment and poverty on economic growth in North Sulawesi. Efficiency. 21(5). P. 63-74. https://ejournal.unsrat.ac.id/v3/index.php/jbie/article/view/36632 [in English]

9. Mukhamediyev, B.M., Temerbulatova, Z.S., & Gazda, J. (2022). Trends in Income Inequality and Economic Growth: a Bibliometric Analysis. Economics: the Strategy and Practice. 17(4). P. 158-169. https://doi.org/10.51176/1997-9967-2022-4-158-169 [in English]

10. Kuzembekova R.A., & Zhanbyrbaeva A.N. (2022) Socio-economic factors of poverty in rural areas of Almaty region and prospects for their regulation. Economics: the strategy and practice. 17(3). P. 81-95. https://doi.org/10.51176/1997-9967-2022-3-81-95 [in English]