Economic and social consequences of unemployment in the government

Abstract

Object: to study the socio-economic consequences of unemployment in Kazakhstan.

Methods: the study used such methods as system analysis,  grouping method,  normative method,  method of eco-logical and economic assessment and comparative analysis,  method of material balances,  calculation and  analytical

method, etc. In this study, the autoregressive distributed Lag (ARDL) technique was used for empirical research. The

materials for the study are presented by the works of Kazakhstani, Russian and foreign scientists.

Findings:  in this study, an attempt was made to thoroughly study the impact of unemployment on the economy

and social structure in the period from 2018 to 2021. The GDP growth rate is a dependent variable used as an indicator

of economic growth. In this study, the explanatory variables are unemployment, population growth, inflation, foreign

direct investment and government spending. The empirical results of the study show that the levels of unemployment

and inflation have a negative relationship with economic growth and are statistically significant. Population growth

rates have a positive and statistically significant impact on economic growth and social structure. There is a short -term

cointegration between variables. The results suggest that the Government should take adequate measures to create

employment opportunities to accelerate economic growth and reduce unemployment in the country.

Conclusions:  economic trends related to the modern challenges of increasing unemployment have shown the

consequences of its impact on the economy and social structure. The main reasons why the existing programs to reduce

unemployment do not meet the needs of the population are identified. The proposed research and experimental results

can be used by state organizations in order to reduce the effects o f unemployment on the economy in the Republic of

Kazakhstan. The study consists of an introduction, justification of methods and materials, literature review, research

results, conclusion and list of references