Innovation as a Means of Increasing the Fuel of the Economic Machine for Driving Long-Run Economic Growth in Azerbaijan
This paper attempts to analyze the evolution of total factor productivity (TFP) growth in Azerbaijan over the two decades. The analysis is built on growth decomposition of GDP growth, in which factors of production have been taken as capital and labor. Basically, it is assumed that GDP growth is associated with either capital, labor or total factor productivity growth; as total factor productivity cannot be measured directly, the gap between the growth in GDP and contribution of its factor of production, labor, and capital is assumed to be equal to total factor productivity. Although because of the absence of information, the analysis has not been conducted for 2018 and 2019, the result gives us a clear picture of how TFP has declined since 1991 albeit marked fluctuations. The paper continues to make brief recommendations for policymakers to take action for the long-run economic growth in Azerbaijan
Year of publication: |
2020
|
---|---|
Authors: | Ahmadova, Nargiz |
Publisher: |
[2020]: [S.l.] : SSRN |
Subject: | Wirtschaftswachstum | Economic growth | Aserbaidschan | Azerbaijan | Technischer Fortschritt | Technological change | Innovation |
Saved in:
freely available
Extent: | 1 Online-Ressource (5 p) |
---|---|
Type of publication: | Book / Working Paper |
Language: | English |
Notes: | Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments December 27, 2019 erstellt |
Other identifiers: | 10.2139/ssrn.3545463 [DOI] |
Source: | ECONIS - Online Catalogue of the ZBW |
Persistent link: https://www.econbiz.de/10012840579
Saved in favorites
Similar items by subject
-
Vojtov, I. V., (2011)
-
Innovative approaches to model and forecast of Azerbaijan's economic growth
Shafizada, Elnure, (2022)
-
Beraldo, Sergio, (2015)
- More ...
Similar items by person
-
Central Bank Digital Currency : Gaps in Existing Literature
Ahmadova, Nargiz, (2020)
- More ...