Development In Azerbaijan Research Articles

DEVELOPMENT OF MARKETING IN AZERBAIJAN

The main goal of the article is to study activities aimed at marketing development in Azerbaijan. It is noted that benefiting from the synthesis of the national characteristics of the economy (including the experience of the Soviet era) and the world experience is one of the urgent requirements of the modern era. Method and methodologies. In the analysis process, comparative analysis of statistical indicators, analysis of legal-normative documents necessary for the development of marketing, classification of existing problems in the system of formation of market relations in Azerbaijan, forecasting and projecting methods were used. Novelty on the article. The article focuses on some rational and non-rational activities that are neglected in the scientific literature and necessitates the development of marketing. Conclusion and suggestions. The article emphasizes that marketing promotion is a step that serves to make companies popular among the population. These steps are one of the necessary steps to be carried out and updated both thoroughly and systematically. It is noted that 90% of managers of companies operating in Azerbaijan think that there is no need for marketing research. Thus, the decision to implement marketing measures is not based on the analysis of research data, and this, in turn, does not justify the effectiveness of marketing projects. Businessmen rely too much on their intuition and make unreasonable expenses based only on their own experience and unsystematized information that reaches them over a period of time. As a result: 1. Unsuccessful image campaigns are organized that do not produce any desired intangible effect; 2. Sales of newly launched products are falling; 3. Preference is given to advertising campaigns mainly aimed at financial impact; 4. Absurd models of brand perception emerge as a result of lack of study of brand perception after marketing activities; 5. Low level of service and, as a result, customer satisfaction. At best, marketers refer to a company's to-do list.

Refocusing education: understanding higher education institutions’ needs for human resource development in Azerbaijan

ABSTRACT Research on the capacity of universities to produce skilled graduates in developing post-Soviet countries is limited. It was reported that innovative companies in Azerbaijan face challenges in recruiting university graduates with the necessary cognitive and technical abilities. Referring to the perspectives of faculty members, university leaders and representatives of the Ministry of Science and Education, the current study explored the factors that were thought to influence the capacity of universities to develop human resources for the modernizing labour market. The study's results also align with the broader discourse on higher education's role in economic development and offer insights for improving alignment between educational outcomes and labour market needs in developing countries like Azerbaijan. While the management style of educational programmes and the faculty members were recognized as influential aspects of quality provision and assurance for skilled human resource development, university managers expressed a desire for greater support and autonomy from macro-level institutions, such as the Ministry of Science and Education, particularly in curriculum design and fostering more effective university-industry partnerships.

Shabran Ancient Settlement: Architecture and Historical Significance of Azerbaijan

The article delves into the historical significance of modern Azerbaijan, particularly in terms of civilization formation. The author highlights the importance of architectural artifacts, fortified cities, and fortresses within the Shabran district. Special attention is given to defensive structures like the Shabran Hill Fort, which dates back to early Middle Ages. The article analyzes historical and archaeological data concerning the city emergence and development, outlines the military-strategic and economic significance of the territory alongside its water supply and trade features.Purpose: Study and analysis of archaeological, historical and architectural properties of the Shabran settlement as well as its role in the Azerbaijan history.Research findings: The author examines the city transition from a regional hub of crafts and trade into a small village, followed by its eventual destruction due to recurrent raids. Research identifies the influence of Sassanid Iranian architecture on the initial Shabran development, studies the history, and discoveries is link with the city. Particular focus on the architectural characteristics and construction of fortresses and castles unearthed after archaeological excavations.Value: The significance of research is in comprehending the historical and cultural context of urban development in Azerbaijan.

IMPACT OF ALTERNATIVE ENERGY INVESTMENTS ON EMPLOYMENT IN AZERBAIJAN

Transition to alternative energy sources is increasingly recognized as a vital component of global efforts to mitigate climate change and foster sustainable development. This study examines the impact of alternative energy investments on employment, focusing on the renewable energy sector's role in generating job opportunities. Paper explores the mechanisms through which investments in alternative energy projects, such as wind, solar, hydroelectric, and biomass, influence employment outcomes. Key factors influencing employment generation, including technological innovation, infrastructure development, policy frameworks, and market dynamics, are analyzed to understand the complex interplay between alternative energy investments and labor markets. The study highlights the potential for alternative energy investments to create diverse employment opportunities across various sectors. Furthermore, it examines the socio-economic benefits of renewable energy projects in terms of job creation, skills development and income generation. By elucidating the relationship between alternative energy investments and employment, this research contributes to a deeper understanding of the transformative potential of renewable energy transition in devising strategies to maximize the socio-economic benefits of sustainable energy development. Findings show upward trend in average monthly nominal wages and salaries within the sector reflects positive growth in labor compensation, potentially influenced by factors such as rising demand for skilled labor and productivity improvements. Additionally government agencies and international organizations are main drivers of green investments and sustainable development in Azerbaijan.

Do Depth, Accessibility, and Efficiency of Financial Institutions Matter for Renewable Energy Development in Azerbaijan?

Do Depth, Accessibility, and Efficiency of Financial Institutions Matter for Renewable Energy Development in Azerbaijan?

DEVELOPMENTAL PROBLEMS OF RURAL TOURİSM İN AZERBAİJAN

The article delves into an examination of the position and significance of agritourism within the contextual framework of regional development in Azerbaijan. A focal point is placed on elucidating its consequential influence across diverse sectors of the national economy. Agritourism, as a pivotal agent, not only fortifies occupational opportunities but also amplifies the requisites for goods and services, concurrently invigorating both domestic and international relationships, thereby augmenting the market orientation of various sectors. The strategic integration and invigoration of agritourism endeavors within rural domains manifestly engender a pronounced and multiplicative impact on the socio-economic fabric of regional landscapes. In the discourse surrounding the harnessing of agritourism potential, it is imperative to discerningly direct attention towards facets of socio-economic and ecological sustainability, alongside the imperative exigency of safeguarding natural heritage. The principal axes for evaluating the sustainability of agritourism development encompass budgetary considerations, socio-economic and ecological sustainability, as well as the impetus for nature conservation, concurrently entwined with infrastructural augmentation. The article meticulously scrutinizes the extant state and prospective trajectories of agritourism development, particularly in relation to its instrumental role in regional socio-economic amelioration. It undertakes a nuanced analysis of the determinants shaping the evolution of this genre of tourism, expounding upon the intricate environmental considerations attendant to agritourism. Significantly, it discerns the role and situates agritourism within the socio-economic developmental matrix of regional demarcations, proffering insights into avenues for accentuating its catalytic role. A discerning examination of the reciprocal dynamics between the cadence and characteristics of agricultural development and the trajectory of agritourism development is executed, with a particular emphasis on innovative paradigms, promotional imperatives, and related determinants. The narrative extends its purview to underscore the consequential role of agritourism in the realization of the multifunctionality intrinsic to rural agriculture. Concomitantly, it articulates strategic imperatives geared towards reinforcing the salubrious role of tourism, with a pronounced emphasis on agritourism, in the purview of sustainable and harmonized regional development.

The film industry as a subsector of the economy and the level of development in Azerbaijan

The film industry as a subsector of the economy and the level of development in Azerbaijan

Relations of the Azerbaijan USSR with Great Britain after the Soviet Occupation

The article deals with the relations of Azerbaijan with the United Kingdom after the Soviet occupation. The Soviet government in Azerbaijan, which emerged as a result of the April occupation, radically changed the system of diplomatic relations that existed during the Azerbaijan Democratic Republic. Relations between the two countries began to deteriorate shortly after the new government saw Britain as an enemy of the working class and the peasantry. One of the main factors in the breakdown of relations was the arrest of foreign nationals in Soviet Azerbaijan, including representatives of the United Kingdom, and the failure to ensure the interests of Britain in the subsequent stages. The article examines the further development of Azerbaijan's relations with the United Kingdom and the impact of the Genoa Conference on these relations.

Organization of parliamentary institutes in Azerbaijan Democratic Republic

The author mentions that a large part of our researchers deals with the problem of parliamentary activity and the main directions of activity of the Azerbaijan Democratic Republic on the issues of the legislative parliament almost do not analyze. So, there is a need to examine the study of this problem in terms of the scientific point of view. It is necessary to take into account the experience and traditions of the Azerbaijan Democratic Republic in the constitutional and legal field. Based on the experience of our country, modern constitution should be one of the methodological principles of legal research. The achievements gained at the level of the theory and the experience of constitutional development in Azerbaijan at the beginning of the twentieth century can be used to improve the modern constitutional system and to build a state of law. The events taking place in the parliament, the parliamentary inquiries, and the ministerial responsibility of the ministers are crucial.The current socio-economic and political situation in the Republic of Azerbaijan once again proves that our country is at the highest stage of development, and this development is characterized by intensive progress. With its achievements as a multicultural and tolerant country, the Republic of Azerbaijan can be an example for some of the world's most developed countries. Establishing a legal state in accordance with the regulations of the era of globalization, Azerbaijan is one of the leading countries, and even the first leading country practicing modern integration processes.

Hydrocarbon reserves in the Kura depression considerations about recovery properties

In various areas of the Kura depression, oil has been produced industrially since the 1950s (and in Naftalan since 1887). Currently, there are Tarsdallar, Naftalan, Muradkhanli, Karabakhli, Mishovdag, etc. such deposits are in operation. It is interesting that most of these deposits are exploited without drilling additional wells and without external influence on the layers involved in the production. The analyzes show that the relative stability of the production in these fields is ensured by the continuous transportation of hydrocarbon fluids to the reservoirs, which are formed in the intra-reservoir space in the Middle Kura, and in the deeper bedrocks in the Lower Kura. It should be noted that time has already proven the possibility of long-term exploitation of these deposits in a balanced production mode. There is enough information on the online resources about the renewable characteristics of oil and gas deposits. The Balakhani-Sabunchu-Ramana field, which was included in industrial development in Azerbaijan in 1871 and is currently in operation, is unambiguously included among the fields that are being restored. The article provides an interpretation of the author’s opinions on the inclusion of the deposits in the Kura depression in the list of renewable deposits, based on the processing and interpretation of real geological-geophysical data.

The impact of e-commerce development in Azerbaijan

The impact of e-commerce development in Azerbaijan

DEVELOPMENT POSSIBILITIES OF ECO-MEDICAL TOURISM IN AZERBAIJAN

The aim of this research is to design a possible health tourism development strategy that combines social, ecological and economic aspects in tourism development in Azerbaijan as a whole. To achieve this goal, there are several problems that appear in implementing the health tourism area strategy, namely weak tourism institutions and human resources, lack of community participation and not yet optimal land use. The methodology used in this activity is through focus group discussions, analyzing the needs of all stakeholders, and developing a systems approach through questionnaires and in-depth interviews with all stakeholders, for example government institutions and with prospective techniques. The results of the implementation of the activities show that several criteria such as conservation and maintenance, so that a strategic way is still needed to achieve sustainable tourism development. The expected impact will also support community empowerment, environmental preservation, and efforts to divert tourist interest.

The impact of financial development on the manufacturing industry in resource-rich countries: Empirical evidence from Azerbaijan

The study is devoted to assessing the causal relationship between financial development and economic growth in the manufacturing sector of Azerbaijan, a country rich in oil and gas resources. The study covers quarterly data from 2005-2021. The Johansen co-integration test and the Toda-Yamamota test are used to analyze temporal and causal characteristics between indicators. The results showed that there is no co-integration between financial development and growth in the long run. Along with this, no evidence was found indicating the presence of a causal relationship between variables in the short run. The results show that increased credit availability does not necessarily positively impact productivity and capital growth in the manufacturing sector. At the same time, the growth of loans contributes more to the growth of imports than to the growth of domestic production. The hypothesis about the negative impact of the "resource curse" on financial development is confirmed by financial market development in Azerbaijan, which makes it difficult to assess the securities market's impact on manufacturing sector growth. Research on the institutional aspects of financial regulation and finding ways to increase the relative attractiveness of the manufacturing sectors could provide more detailed recommendations to improve the effectiveness of financial instruments.

Oil rents and non-oil economic growth in CIS oil exporters. The role of financial development

The role of financial development is vital in long-run economic growth. Due to the windfall revenues it might have extra relevance in natural resource-rich developing economies. This study explores whether financial development, measured in the percentage share of the bank loans to the private sector in GDP, can facilitate the impact of oil rents on the development of the non-oil sector in Commonwealth of Independent States oil exporters: Azerbaijan, Kazakhstan, and Russia in the long run. It develops a combined framework where financial development acts as both a threshold variable and an interaction term for the impact of oil rents on non-oil GDP. We find a threshold effect of oil rents for the non-oil sector in Azerbaijan and Kazakhstan. It shows that the same magnitude of oil rents can create more non-oil growth if financial development exceeds 9.6% and 15.5% in Azerbaijan and Kazakhstan, respectively. For Russia, neither threshold nor interaction effects were found – oil rents have a linearly positive impact on non-oil economic development. Moreover, we find that institutional quality fosters non-oil development in Azerbaijan. It also positively affects non-oil development in Kazakhstan and Russia, albeit statistically insignificant. In the design of policies, authorities may wish to implement measures that would lead to the further development of the financial sector and institutional quality to make oil rents more beneficial for the development of the non-oil sector.

The Current Situation of the Language of Advertising in Azerbaijan: The Role and Impact of Advertising

Advertisements, with their palette, color, attractiveness and, of course, errors, enter our homes through television, radio, mobile phone, wall paintings, billboards, various objects placed on the streets, web banners, web pop-ups, sky writings using small planes, seats at bus stops, human billboards, magazines, newspapers, dining tables behind seats in flights, taxi doors, musical stage performances, subway platforms and trains, labels on fruits in supermarkets, supermarket vouchers or various other means. The development of Azerbaijan's economy has significantly increased the role of advertising. In countries with a market economy, private property is widespread. As is known, the main place in the private sector is occupied by entrepreneurial activity. Entrepreneurs, in order to sell their goods and services, must first promote them in the market. Therefore, advertising is considered the most profitable tool. In this regard, advertising is an important integral part of the economy. Advertising has a significant role in increasing revenue. However, an advertisement should be designed in such a way that it is accessible to the target audience, so while designing the advertisement, the appropriate target audience should be studied first.

THE PLACE OF TOURISM IN THE MODERN STATE-BUILDING OF AZERBAIJAN

This article examines the place and importance of tourism in the modern state building of Azerbaijan. It is analyzed how Azerbaijan contributes to the socio-economic development of the country with its rich and diverse tourism opportunities, state programs and international cooperation. The article also talks about the problems faced by the country in the field of tourism and the measures to be taken to eliminate them. Azerbaijan implements state programs and international cooperation for the development of the tourism sector. With this, the country increases the contribution of tourism to socio-economic development and places tourism as a strategic field in the modern state structure. The article also talks about the problems faced by the country in the field of tourism and the measures to be taken to eliminate them. The article analyzes the tourism potential of Azerbaijan and the role of tourism in modern state building and offers suggestions in this field. Purpose: To introduce the tourism potential of Azerbaijan and the contributions of tourism to the socio-economic development of the country, to analyze the types of tourism and their characteristics, advantages and difficulties, to summarize the achievements and shortcomings of the tourism sector and how to better integrate and develop tourism into the modern state structure.make suggestions. Methodology: This article uses the descriptive analysis method, which is one of the qualitative research methods. A descriptive analysis method is a method that aims to describe and interpret a topic or event as it is. In addition, the descriptive analysis method was used to investigate the place and importance of tourism in the modern state structure of Azerbaijan. The result of the research: The article presents the tourism potential of Azerbaijan, types of tourism, achievements and shortcomings in the tourism sector, the role of tourism in the modernstate structure, and proposals related to the development of tourism. As a result of the article, the following results were obtained: • Azerbaijan has great potential in the tourism sector with many factors such as untouched nature, mineral water resources, naphthalene, rare ancient architectural monuments, unique culture and national cuisine. • Azerbaijan offers favorable conditions for the development of all types of tourism – business, sports, medical, dating, hunting, exotic, beach and gastronomic tourism. • State programs and international cooperation are implemented for the development of the tourism sector in Azerbaijan. With this, the country increases the contribution of tourism to socioeconomic development and places tourism as a strategic field in the modern state structure. • Although Azerbaijan is successful in the tourism sector, it also faces certain difficulties. These include lack of infrastructure, lack of qualified human resources, inadequacy of promotional activities, low competitiveness and environmental problems. • The following proposals can be put forward for the further development of Azerbaijan’s tourism sector: increasing infrastructure investments, improving tourism education, diversifying and activating promotional activities, providing innovative and quality services to increase competitiveness, operating in accordance with the principle of environmental sustainability.

Human capital as a driver of sustainable development in Azerbaijan

The article's purpose is to empirically substantiate the impact of human development (HC) on the sustainable development of Azerbaijan in current conditions. Using the principal component method, we have determined the components of HC (a factor of professional development, health status, availability of labor force, financial activation of human potential) and sustainable development (low-tech economic development, medium and high-tech economic, environmental, and social development. Regarding the assessment of the influence of the HC components on sustainable development in Azerbaijan, we used the methods of linear and non-linear regression models. A differentiated nature of the effect of the HC components on sustainable development has been established, depending on the state of health of the population, on the level of technological effectiveness of the economy. It has been substantiated that the driver of sustainable development is the qualitative rather than the quantitative component of HC.

The Impact of Tourism on the Intersectoral Development in Azerbaijan

This article discusses the impact of tourism on intersectoral development in Azerbaijan. The study collected and analyzed the data on tourist activities in the country with the purpose of developing strategies that would further boost the tourism sector in the economy of Azerbaijan. Data was collected from the State Statistics Committee of Azerbaijan, the Ministry of Transport, Communications and High Technologies, the World Bank and other sources for the study. The study revealed that to boost the nation’s tourism sector, there is a need to increase the budget and funding of the sector and also promote the made in Azerbaijan tourism products both in the domestic and world markets.

STRENGTHENING THE LEGAL BASE FOR INNOVATIVE ENTREPRENEURSHIP DEVELOPMENT IN AZERBAIJAN

The thesis is dedicated to strengthening the legal framework for the innovative development of business entities in the country. The names of economically important normative legal documents and a number of adopted state programs stimulating the development of entrepreneurship are given and it is shown that the existing legal framework has ensured the acceleration of economic development in Azerbaijan. At the same time, it is noted that in order to develop a promising innovation system, the existing regulatory and methodological framework in world practice should be studied and applied to the Azerbaijani economy. Finally, relevant recommendations and suggestions are made to ensure the development of innovative entrepreneurship and the innovation infrastructure that serves it.

Econometric analysis and modeling of the dynamics of the balance of payments’ development in Azerbaijan

Purpose of the study. The study is devoted to econometric analysis and modeling of the dynamics of the balance of payments’ development of Azerbaijan, the formation of a mathematical and statistical trend that can give a perspective assessment of the development of the balance of payments. In accordance with the goal, the tasks of choosing the best composition of explanatory factors for the model were set, using the characteristics and criteria of correlation and regression analysis, econometric tests, calculating estimates of the nature and closeness of the relationship between the explanatory factors, dependent and independent factors, testing the stationarity of the series.Materials and methods. The official statistical data of the State Statistics Committee and the Central Bank of Azerbaijan, scientific works and studies of scientists, specialists, both Azerbaijani and foreign, in the fields of economics, mathematical and economic modeling were used. For the empirical analysis of non-stationary time series, statistical methods of information processing are used inthe work; to check the adequacy and test the multivariate model, the appropriate criteria and modern econometric procedures are used, taking into account the impact of exogenous factors. For calculations, application packages such as Excel and Eviews 8 were used.Results. A multivariate regression model has been created that makes it possible to conduct an economic and statistical analysis of the dynamics of the current account of the balance of payments; the form and directions of the functional relationship between dependent and independent variables were determined, variability of variables was estimated, the results of multivariate regression analysis using econometric methods were analyzed; the quantitative characteristics of the mechanisms of influence of explanatory factors on the balance of payments were measured and interpreted; correlation dependencies for causal dependencies were investigated in the model, the Granger test was performed and factors were identified that reliably explain the outcome with high probabilities based on the Fisher criterion; the stationarity of the model was measured based on the Dickey-Fuller test. With differences of the first and second degree, the stationarity of the autoregressive model was determined based on the Student’s criterion by changing the lag value. In the process of modeling, the initially constructed model, covering the years 1995-2017 with five factors such as foreign investment, exports, imports, manat exchange rate, general investments, showed insufficient adequacy, that is, non-stationarity of the current account series of the balance of payments. The exchange rate of the national currency, which is involved in the model as an explanatory factor, subjected the values of the dependent series to large fluctuations, an increase in the variance in the residue, which created non-stationarity and which can be explained by the denomination of the national currency in 2006. In the next step, the period covering 2006-2017 was examined. In addition, in the process of research, independent factors were added to the model, such as state budget deficit and foreign exchange reserves. As a result, a multifactorial econometric model was created. Conclusion. The constructed autoregressive model is quite adequate, demonstrates stationarity for the time series of the dependent variable and can be considered suitable for predictive values of the current account of the balance of payments. To develop specific recommendations for the long-term development of the balance of payments, the results of the study, substantiated by the analysis of the dynamics of the development of the balance of payments, make it possible to identify real trends in the balance of payments of Azerbaijan on the current account and determine its interdependence with other macroeconomic variables.