Exploring the economic and social relationships in a triadic model of continuous professional development

Economic Annals-XXI: Volume 202, Issue (3-4), Pages: 96-107

Citation information:
Bulatbayeva, K., Zhaitapova, A., Nametkulova, F., Orakova, A., Muhambetzhanova, S., & Adamova, M. (2023). Exploring the economic and social relationships in a triadic model of continuous professional development. Economic Annals-XXI, 202(3-4), 96-107. doi: https://doi.org/10.21003/ea.V202-09

Kulzhanat Bulatbayeva
D.Sc. (Pedagogy),
Chief Researcher,
Altynsarin National Academy of Education
4 Mangilik Yel. Ave., Astana, 100000, Republic of Kazakhstan
ORCID ID: https://orcid.org/0000-0002-7288-8120

Altnai Zhaitapova
D.Sc. (Pedagogy),
Abylai Khan Kazakh University of International Relations and World Languages
200 Muratbaev Str., Almaty, 050022, Republic of Kazakhstan
ORCID ID: https://orcid.org/0009-0005-5065-5536

Farida Nametkulova
PhD (Pedagogy),
Senior Lecturer,
Abai Kazakh National Pedagogical University
13 Dostyk Ave., Almaty, 050010, Republic of Kazakhstan
ORCID ID: https://orcid.org/0000-0002-4245-9819

Amangul Orakova
PhD (Pedagogy),
Associate Professor,
Abai Kazakh National Pedagogical University
13 Dostyk Ave., Almaty, 050010, Republic of Kazakhstan
ORCID ID: https://orcid.org/0000-0001-9583-8444

Saule Muhambetzhanova
D.Sc. (Pedagogy),
Associate Professor,
Branch of JSC “NCPD Orleu” Republican Institute for Professional Development
18 Dostyk Str., Astana, 010017, Republic of Kazakhstan
ORCID ID: https://orcid.org/0009-0009-6926-469X

Manara Adamova
MA (Psychology and Pedagogy),
Institute of Early Childhood Development of the Ministry of Education of the Republic of Kazakhstan
59/1 Kazakhstan Str., Ust-Kamenogorsk, 070004, Republic of Kazakhstan
ORCID ID: https://orcid.org/0000-0001-6698-2658

Exploring the economic and social relationships in a triadic model of continuous professional development

Abstract. The transformation of labor markets necessitates a dynamic approach to professional development. In Kazakhstan, a country in the throes of economic diversification, the economic implications of Continuous Professional Development (CPD) hold relevance. This paper introduces a triadic model that aims to explore the relationships between CPD, skill accumulation, and labor market mobility within the context of Kazakhstan’s developing economy.

We examine the quantitative and qualitative economic benefits and drawbacks associated with CPD initiatives at both the individual and organizational levels. By employing multi-method analysis, which includes statistical modelling, survey data, and case studies, the study presents an intricate understanding of how CPD investments propagate through the labor market, affecting individual career trajectories, organizational competitiveness, and overall economic productivity.

The triadic model consists of three interconnected components: Individual Skill Accumulation (ISA), Organizational Skill Utilization (OSU), and Labor Market Mobility (LMM). The ISA component analyses how CPD activities contribute to an individual’s skillset, both hard and soft skills. OSU focuses on how organizations harness these accumulated skills for operational efficiency and market competitiveness. Finally, LMM investigates how CPD-influenced skills affect labor market transitions, including lateral movements, promotions, and even inter-industry mobility.

The empirical results indicate a strong positive correlation between CPD investment and skill accumulation, which subsequently influences labor market mobility in both intra- and inter-industry contexts. Organizations participating in CPD initiatives were found to have a competitive edge, particularly in technology adoption and human capital retention. However, the benefits are not unequivocally distributed, with the upper echelons of organizational hierarchies reaping disproportionate advantages. Moreover, a lack of standardization in CPD programs may contribute to a skills mismatch, thus countering some economic benefits.

This paper contributes to the extant literature by providing a nuanced view of CPD’s role in a developing economic context. Policymakers and organizational leaders can leverage these insights to formulate more effective CPD strategies that align with broader economic goals and societal needs.

Keywords: Continuous Professional Development; Skill Accumulation; Labor Market Mobility; Kazakhstan; Economic Implications; Triadic Model; Individual Skill Accumulation; Organizational Skill Utilization; Multi-method Analysis

JEL Classifications: J24; J31; I25; O15; P36

Acknowledgements and Funding: This research was prepared within the programme trust fund study OR 11465474 «Scientific foundations of modernization of the education system and science» (2021-2023, Altynsarin National Academy of Education).

Contribution: The authors contributed equally to this work.

Data Availability Statement: The dataset is available from the authors upon request.

DOI: https://doi.org/10.21003/ea.V202-09


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Received 10.02.2023
Received in revised form 12.03.2023
Accepted 16.03.2023
Available online 10.04.2023