Examining the total fact or productivity changing patterns in Kazakhstan: An Input-Output analysis
The interconnectedness of sectors displays the demand for inputs and supply as a level of output in any economy. This paper addresses the Total Factor Productivity (TFP) in Kazakhstan sectors by using input-output tables during 2012-2017. The change in total sectoral production was separated into two parts: the changes in technical coefficients of intermediate inputs and the change in value-added inputs, respectively. The main findings have identified a changing pattern in sectoral performance. At the same time, the result justified that various sectors such as; petroleum, manufacturing, construction, and food processing sectors have shown increased productivity. The country highly depends on extractive industries but still has better manufacturing value-added performance. The study suggests that to combat challenges like COVID-19 and climate change, it is vital to develop human capital and diversity. With diversification and innovative measures, an economy can attain sustainable economic growth in the long term.
El Refae, Ghaleb A.