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Below please find a list of definitions for the term that
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What is Economic Growth

Chapter 2

Economic, Educational, and Touristic Development in Asia

An increase in the total amount of goods and services produced per head of the population of a specific country over a year, it can be measured in terms of Gross Domestic Product (GDP).

Published in Chapter:

Building a Diversified and Sustainable Economy in Kazakhstan: Towards the Green Economy Through a Triple Helix Approach

Cinzia Colapinto (Ca' Foscari University of Venice, Italy)

Source Title: Economic, Educational, and Touristic Development in Asia

DOI: 10.4018/978-1-7998-2239-4.ch002

Abstract

Due to globalization, entrepreneurship has become fundamental for the competitiveness of countries, and as shown by the Triple Helix Framework enterprises, universities and governments must create synergies to their mutual advantage. In Kazakhstan, a Post-Soviet transition economy, gross domestic product has doubled over the past decade thanks to the extractive and heavy industries and on an intensive use of electricity produced from coal. The authors present a goal programming model for environmental policy analysis involving criteria such as economic development, electricity consumption, greenhouse gas emissions, and the total number of employees to determine the optimal labour allocation across different economic sectors. The purpose is to provide empirical evidence and policy recommendations to decision makers in developing the optimal strategy able to simultaneously satisfy energy demand, decrease GHG emissions, increase economic growth, and foster labour development by 2050. The analysis will allow to compare Kazakhstan with similar economies.