Innovations and Structural Problems of Industry: Comparative Analysis of Azerbaijan’s Indicators with Turkish Republics
Azerbaijan's economy has a tendency for the growth of industry (processing), to strengthen the role of industry on an innovative basis, creating the foundations of sustainability and stability in conditions of depletion of natural resources and deterioration of the environmental condition. The...
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| Format: | Article |
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Oles Honchar Dnipro National University
2024-06-01
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| Series: | Challenges and Issues of Modern Science |
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| Online Access: | https://cims.fti.dp.ua/j/article/view/122 |
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| author | Gulshen Yuzbashiyeva Samira Abasova Israfil Yuzbashiyev |
| author_facet | Gulshen Yuzbashiyeva Samira Abasova Israfil Yuzbashiyev |
| author_sort | Gulshen Yuzbashiyeva |
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Azerbaijan's economy has a tendency for the growth of industry (processing), to strengthen the role of industry on an innovative basis, creating the foundations of sustainability and stability in conditions of depletion of natural resources and deterioration of the environmental condition. Therefore, an idea is being formed about a new quality of economic growth, which assumes a preferential increase in production due to intensive factors of growth and development; orientation towards final production that satisfies the consumer needs of the population; a combination of economic growth rates with the structural restructuring of production, as it ensures the necessary quality of economic growth and development. If the structure of the economy meets the requirements of modern economic growth and development, then this structure provides a new quality of economic growth and vice versa. It is important to know at the expense of what resources structural changes will occur, what investments will be needed for this, and how much the existing structure will contribute to the flow of investment. A qualitatively new structural policy is advisable, based on an analysis of the changes that have been observed in recent years of economic development. It is these quantitative and qualitative changes that increase the relevance of management influence on the economic structure, which requires an assessment of the ongoing structural changes, that is, the current situation and the realities of the investment process. The main problems of industrial growth are 1) inefficient sectoral and technological structure of the industry (high-tech production - 2-3% of output, although in developed countries it is 15-17%); 2) low labor productivity; 3) high material intensity, energy intensity, import dependence, low level of use of public investment, low level of coordination, modern equipment is purchased for the production of non-innovative products.
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| format | Article |
| id | doaj-art-9d0da7926a6a40eeb33109453cba4f6f |
| institution | Kabale University |
| issn | 3083-5704 |
| language | English |
| publishDate | 2024-06-01 |
| publisher | Oles Honchar Dnipro National University |
| record_format | Article |
| series | Challenges and Issues of Modern Science |
| spelling | doaj-art-9d0da7926a6a40eeb33109453cba4f6f2025-02-11T09:55:46ZengOles Honchar Dnipro National UniversityChallenges and Issues of Modern Science3083-57042024-06-012Innovations and Structural Problems of Industry: Comparative Analysis of Azerbaijan’s Indicators with Turkish RepublicsGulshen Yuzbashiyeva0https://orcid.org/0000-0001-9609-5347Samira Abasova1https://orcid.org/0000-0001-7059-7664Israfil Yuzbashiyev2https://orcid.org/0000-0001-5854-3866Economy institute of Azerbaijan Ministry of Science and Education, Baku, AzerbaijanEconomy institute of Azerbaijan Ministry of Science and Education, Baku, AzerbaijanCompany SOCAR Trading SA, Geneva, Switzerland Azerbaijan's economy has a tendency for the growth of industry (processing), to strengthen the role of industry on an innovative basis, creating the foundations of sustainability and stability in conditions of depletion of natural resources and deterioration of the environmental condition. Therefore, an idea is being formed about a new quality of economic growth, which assumes a preferential increase in production due to intensive factors of growth and development; orientation towards final production that satisfies the consumer needs of the population; a combination of economic growth rates with the structural restructuring of production, as it ensures the necessary quality of economic growth and development. If the structure of the economy meets the requirements of modern economic growth and development, then this structure provides a new quality of economic growth and vice versa. It is important to know at the expense of what resources structural changes will occur, what investments will be needed for this, and how much the existing structure will contribute to the flow of investment. A qualitatively new structural policy is advisable, based on an analysis of the changes that have been observed in recent years of economic development. It is these quantitative and qualitative changes that increase the relevance of management influence on the economic structure, which requires an assessment of the ongoing structural changes, that is, the current situation and the realities of the investment process. The main problems of industrial growth are 1) inefficient sectoral and technological structure of the industry (high-tech production - 2-3% of output, although in developed countries it is 15-17%); 2) low labor productivity; 3) high material intensity, energy intensity, import dependence, low level of use of public investment, low level of coordination, modern equipment is purchased for the production of non-innovative products. https://cims.fti.dp.ua/j/article/view/122economyindustrystructural policyinvestments |
| spellingShingle | Gulshen Yuzbashiyeva Samira Abasova Israfil Yuzbashiyev Innovations and Structural Problems of Industry: Comparative Analysis of Azerbaijan’s Indicators with Turkish Republics Challenges and Issues of Modern Science economy industry structural policy investments |
| title | Innovations and Structural Problems of Industry: Comparative Analysis of Azerbaijan’s Indicators with Turkish Republics |
| title_full | Innovations and Structural Problems of Industry: Comparative Analysis of Azerbaijan’s Indicators with Turkish Republics |
| title_fullStr | Innovations and Structural Problems of Industry: Comparative Analysis of Azerbaijan’s Indicators with Turkish Republics |
| title_full_unstemmed | Innovations and Structural Problems of Industry: Comparative Analysis of Azerbaijan’s Indicators with Turkish Republics |
| title_short | Innovations and Structural Problems of Industry: Comparative Analysis of Azerbaijan’s Indicators with Turkish Republics |
| title_sort | innovations and structural problems of industry comparative analysis of azerbaijan s indicators with turkish republics |
| topic | economy industry structural policy investments |
| url | https://cims.fti.dp.ua/j/article/view/122 |
| work_keys_str_mv | AT gulshenyuzbashiyeva innovationsandstructuralproblemsofindustrycomparativeanalysisofazerbaijansindicatorswithturkishrepublics AT samiraabasova innovationsandstructuralproblemsofindustrycomparativeanalysisofazerbaijansindicatorswithturkishrepublics AT israfilyuzbashiyev innovationsandstructuralproblemsofindustrycomparativeanalysisofazerbaijansindicatorswithturkishrepublics |