Akarys Torebekov

Type of the article: Research Article

Abstract
Despite the growth of investments in higher education and innovative infrastructure in Kazakhstan, institutional and regional differences continue to shape heterogeneous outcomes in graduate employment. This study aims to assess the impact of higher education on the economic development and employment of graduates in Kazakhstan, while accounting for regional differences. The empirical research base is formed using official and publicly available statistical data from the Bureau of National Statistics and other government agencies of the Republic of Kazakhstan for the period 2000–2024. The study employs panel data econometric methods, including fixed-effects models and extended specifications. The results of the analysis show that investments in fixed assets per capita are positively and statistically significantly related to the level of gross regional product (β = 0.2855; p < 0.01), while average wages do not have a statistically significant effect (p = 0.941). The higher education index and the level of urbanization have negative and statistically significant coefficients (p < 0.05), and innovation activity shows a positive effect only in alternative model specifications. The results obtained emphasize the importance of considering the institutional and spatial characteristics of regions when forming management policies in the field of higher education, youth employment, and regional economic development.

Acknowledgments
This paper has been funded by the Science Committee MSHE RK (Grant “Modernization of the quality assurance system of higher education in Kazakhstan based on digitalization: development of approaches, mechanisms and information base” BR24992974).