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http://dx.doi.org/10.13106/jafeb.2020.vol7.no7.531

Financing of Healthcare Facilities in Pension System Assets of Ecologically Problematic Regions in Kazakhstan  

YESSENTAY, Aigerim (The joint educational program of Kazakh National University al-Farabi and Institute of Economics of the Ministry Education and Science of RK)
KIREYEVA, Anel A. (Institute of Economics of the Ministry of Education and Science of the Republic of Kazakhstan)
KHALITOVA, Madina (Institute of Economics of the Ministry of Education and Science of the Republic of Kazakhstan)
ABILKAYIR, Nazerke A. (KSPH)
Publication Information
The Journal of Asian Finance, Economics and Business / v.7, no.7, 2020 , pp. 531-541 More about this Journal
Abstract
The purpose of the study is a theoretical and practical justification for building a mechanism for financing health facilities based on public-private partnerships from a pension fund in regions with environmental problems. The theoretical background is built on works of local and foreign authors on state and non-state pension provisions issues, pension funds' assets management. This study provides an analysis of the health status of the population of the Kyzylorda region; it analyzes also the worldwide and Kazakhstan practice of investing pension funds and implementing projects. There has been legislative and methodological framework for financing health projects based on public-private partnerships in Kazakhstan. The scientific methods considered in this study made it possible to develop a mechanism for financial support for the modernization of a healthcare facility using the budget of pension funds. The authors point out possible risks in the implementation of projects in the field of healthcare and make recommendations on the construction a mechanism for financing healthcare facilities in the regions of Kazakhstan with environmental problems. In addition, they underline the key insights of the analysis, which are requisites for identifying the profitability of project for business and social effects for the public. Factors influencing efficacy, effect and implementation risks identified.
Keywords
Finance; Investment; Pension Provision; Funds' Assets Management; Healthcare; Economic Growth; Kazakhstan;
Citations & Related Records
Times Cited By KSCI : 6  (Citation Analysis)
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