The effect of exports and imports on the National income of Kazakhstan
https://doi.org/10.58732/2958-7212-2024-1-50-67
Abstract
The economic development of any country depends to a large extent on foreign economic activities such as exports and imports. The country has been actively integrating into the global economy in recent years, resulting in significant changes in its economic structure and dynamics. National income, a fundamental indicator of a country's financial health, shows dependence on various factors. This study is devoted to a detailed examination of the complex relationship between exports and imports and their impact on national income. The main objective of this study is to comprehensively analyze how international trade transactions, particularly exports and imports, affect a nation's national income. By clearly understanding this relationship, the study endeavors to identify the economic mechanisms at work. This knowledge can be helpful in developing effective trade strategies and understanding how international trade contributes to a country's economic growth and prosperity. The study establishes a theoretical framework that illuminates the relationship between international trade and national income. This involves examining established economic theories and models that explain the impact of trade on factors such as output, employment, and overall economic activity. A rigorous empirical analysis is then conducted to identify trends and patterns in the dynamics of imports, exports, and national income. This analysis uses accurate data to quantify the relationship between trade transactions and national income. By combining theoretical perspectives with empirical evidence, this study seeks to provide a robust understanding of how international trade affects the economic well-being of a nation
About the Authors
A. SyzdykbayevaKazakhstan
Ainur Syzdykbayeva – Bachelor
Almaty
S. Zhaksylyk
Kazakhstan
Sabina Zhaksylyk – Bachelor
Almaty
D. Zhanashova
Kazakhstan
Dilnaz Zhanashova – Bachelor
Almaty
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Review
For citations:
Syzdykbayeva A., Zhaksylyk S., Zhanashova D. The effect of exports and imports on the National income of Kazakhstan. Qainar Journal of Social Science. 2024;3(1):50-67. https://doi.org/10.58732/2958-7212-2024-1-50-67