Research Article

ASSESSMENT AND MODELING OF THE SOCIAL EFFECTS OF SMALL AND MEDIUM-SIZED ENTERPRISES

Volume: 8 Number: 1 January 30, 2026
  • Assem Kaliyeva *
  • Galiya Dauliyeva
  • Gulmira Andabayeva
  • Gulzhakan Mynzhanova

ASSESSMENT AND MODELING OF THE SOCIAL EFFECTS OF SMALL AND MEDIUM-SIZED ENTERPRISES

Abstract

The article examines the social effects of the development of small and medium- sized enterprises (SMEs) in Kazakhstan, where prior research has mainly concentrated on macroeconomic factors while neglecting social outcomes. The study aims to quantitatively assess the impact of the SME sector on key social indicators, such as household income, poverty rates, and reliance on targeted social assistance and to identify regional variations in these effects. It uses panel data from 15 regions of Kazakhstan spanning 2005–2023 (285 observations) and employs panel regression models with fixed and random effects. The findings show that an increase in the share of SMEs in the regional economy has a statistically significant positive impact on household income, while also helping to reduce poverty and the number of social assistance recipients. Nevertheless, growth in the number of SME entities or jobs within the sector alone does not ensure improved well-being, emphasizing the importance of productivity and job quality. These results underscore the role of SMEs as a key driver of inclusive economic growth and social resilience.

Keywords

Ethical Statement

This study did not require approval from an ethics committee as it did not involve human participants, animals, or sensitive personal data. All data used in this research were obtained from publicly available sources.

References

  1. Agency of the Republic of Kazakhstan for Statistics. (2023, April 14). Small and medium enterprise statistics (as of January 1, 2023). https://stat.gov.kz/ru/industries/business-statistics/stat-org/publications/6344/
  2. Asian Development Bank. (2025). Poverty data: Kazakhstan. https://www.adb.org/where-we-work/kazakhstan/poverty
  3. Asian Development Bank. (2025, May). Asian Development Bank and Malaysia: Fact sheet. https://www.adb.org/sites/default/files/publication/27778/mal-2024.pdf
  4. Chulanova, Z., Brimbetova, N., Satybaldin, A., & Dzhanegizova, A. (2024). Poverty in the Kazakhstan regions: Assessing the influence of key indicators on differences in its level. Sustainability, 16, Article 6752. https://doi.org/10.3390/su16166752
  5. Dauliyeva, G., Ranov, Z., Sagynbay, A., & Makhsutova, S. (2025). Nexus between entrepreneurship and poverty reduction: Regression analysis of causality. Journal of Economic Research & Business Administration, 151(1), 18–28. https://doi.org/10.26577/be202515112
  6. Department of Statistics Malaysia. (2025, July 31). Malaysia’s micro, small and medium enterprises (MSMEs) performance 2024 (Statistical release). https://www.dosm.gov.my/uploads/release-content/file_20250731094131.pdf
  7. Harford, J., Jenter, D., & Li, K. (2011). Institutional cross-holdings and their effect on acquisition decisions. Journal of Financial Economics, 99(1), 27–39. https://doi.org/10.1016/j.jfineco.2010.08.008
  8. Human Rights Watch. (2022, October 5). Kazakhstan: Families struggle to enjoy basic rights. https://www.hrw.org/news/2022/10/05/kazakhstan-families-struggle-enjoy-basic-rights

Details

Primary Language

English

Subjects

Economic Theory (Other)

Journal Section

Research Article

Authors

Assem Kaliyeva * This is me
0000-0002-1154-4287
Kazakhstan

Galiya Dauliyeva This is me
0000-0001-8233-9830
Kazakhstan

Gulmira Andabayeva This is me
0000-0002-7458-8711
Kazakhstan

Gulzhakan Mynzhanova This is me
0000-0002-0322-3619
Kazakhstan

Publication Date

January 30, 2026

Submission Date

September 9, 2025

Acceptance Date

January 23, 2026

Published in Issue

Year 2026 Volume: 8 Number: 1

APA
Kaliyeva, A., Dauliyeva, G., Andabayeva, G., & Mynzhanova, G. (2026). ASSESSMENT AND MODELING OF THE SOCIAL EFFECTS OF SMALL AND MEDIUM-SIZED ENTERPRISES. Eurasian Research Journal, 8(1), 54-78. https://izlik.org/JA24FJ59AW
AMA
1.Kaliyeva A, Dauliyeva G, Andabayeva G, Mynzhanova G. ASSESSMENT AND MODELING OF THE SOCIAL EFFECTS OF SMALL AND MEDIUM-SIZED ENTERPRISES. ERJ. 2026;8(1):54-78. https://izlik.org/JA24FJ59AW
Chicago
Kaliyeva, Assem, Galiya Dauliyeva, Gulmira Andabayeva, and Gulzhakan Mynzhanova. 2026. “ASSESSMENT AND MODELING OF THE SOCIAL EFFECTS OF SMALL AND MEDIUM-SIZED ENTERPRISES”. Eurasian Research Journal 8 (1): 54-78. https://izlik.org/JA24FJ59AW.
EndNote
Kaliyeva A, Dauliyeva G, Andabayeva G, Mynzhanova G (January 1, 2026) ASSESSMENT AND MODELING OF THE SOCIAL EFFECTS OF SMALL AND MEDIUM-SIZED ENTERPRISES. Eurasian Research Journal 8 1 54–78.
IEEE
[1]A. Kaliyeva, G. Dauliyeva, G. Andabayeva, and G. Mynzhanova, “ASSESSMENT AND MODELING OF THE SOCIAL EFFECTS OF SMALL AND MEDIUM-SIZED ENTERPRISES”, ERJ, vol. 8, no. 1, pp. 54–78, Jan. 2026, [Online]. Available: https://izlik.org/JA24FJ59AW
ISNAD
Kaliyeva, Assem - Dauliyeva, Galiya - Andabayeva, Gulmira - Mynzhanova, Gulzhakan. “ASSESSMENT AND MODELING OF THE SOCIAL EFFECTS OF SMALL AND MEDIUM-SIZED ENTERPRISES”. Eurasian Research Journal 8/1 (January 1, 2026): 54-78. https://izlik.org/JA24FJ59AW.
JAMA
1.Kaliyeva A, Dauliyeva G, Andabayeva G, Mynzhanova G. ASSESSMENT AND MODELING OF THE SOCIAL EFFECTS OF SMALL AND MEDIUM-SIZED ENTERPRISES. ERJ. 2026;8:54–78.
MLA
Kaliyeva, Assem, et al. “ASSESSMENT AND MODELING OF THE SOCIAL EFFECTS OF SMALL AND MEDIUM-SIZED ENTERPRISES”. Eurasian Research Journal, vol. 8, no. 1, Jan. 2026, pp. 54-78, https://izlik.org/JA24FJ59AW.
Vancouver
1.Assem Kaliyeva, Galiya Dauliyeva, Gulmira Andabayeva, Gulzhakan Mynzhanova. ASSESSMENT AND MODELING OF THE SOCIAL EFFECTS OF SMALL AND MEDIUM-SIZED ENTERPRISES. ERJ [Internet]. 2026 Jan. 1;8(1):54-78. Available from: https://izlik.org/JA24FJ59AW

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