IDEAS home Printed from
   My bibliography  Save this article

Trends of knowledge-based economy formation in Azerbaijan


  • Isa Aliyev

    (Institute of Economy, Azerbaijan National Academy of Sciences)

  • Allahyar Muradov

    (Institute of Economy, Azerbaijan National Academy of Sciences)


Within last 20 years the Azerbaijan Republic develops the strategy of activity, as the subject of world economy, on the basis of uniform conceptual approach. Programs and the concepts which are successfully realized under the direction of the president of the Azerbaijan Republic, play large role in formation political, economic, cultural, etc. communications both with the countries neighbouring to Azerbaijan, and with the countries of Europe and America. In recent years the macroeconomic growth observed in Azerbaijan, and also growth of foreign currency reserves create opportunity for growth of national competitiveness and economy of knowledge for the period till 2020th year. The decree of President I.G.Aliyev on development of the concept «Azerbaijan – 2020: Outlook for the Future» once again confirms that fact that the matter is in the centre of attention of the state. The name of XXI century, an eyelid of knowledge, is connected with fast increase in a role of knowledge in development of social and economic life of society in recent years. Carried-out analyses show that the economy of knowledge radically differs from traditional economy. This difference, first of all, proves to be in difference of knowledge and information from other numerous resources. So, knowledge and information in the course of using don't decrease, disappear and change a form. The same time, the knowledge (in information form) can be used without restriction; it is very easy and with overcoming of borders of other states for a short time. As a result of the researches which have been carried out by the World Bank since 1995, it was proved that the countries developing scientific, educational and information and communication technologies can achieve a sustainable development. From this point of view, the most important task facing the states, development of knowledge (scientific, educational and information and communication technologies) is considering all this, in article are investigated a tendency of formation of economy of knowledge in Azerbaijan. The carried-out analyses show that for 2000-2012 recession in indicators of economy of knowledge and an index of knowledge worldwide was observed. So, in spite of the fact that in 2000 the average value of an index of economy of knowledge worldwide was 5,95, according to reports of 2012 this indicator decreased to 5,12, indicators – on an index of knowledge from 6,06 to 5,01, on an index of economic and institutional incentives from 6,61 tî 4,45, on an education index from 3,89 to 3,72, on an index of innovations from 7,75 to 7,72, the ICT index from 6,53 to 3,58 respectively decreased. The indicator of index of economy of knowledge in Azerbaijan decreased from 4,62 in 1995 to 4,56 in 2012, indicators on economy of knowledge from 5,59 to 4,96 respectively decreased, indicators on economic incentives and an institutional mode from 1,71 to 3,36, on an education index from 5,64 to 5,95 raised, decreased an innovative index from 4,97 to 4,01, the ICT index from 6,17 to 4,93. Now in the developed countries the basic scientific researches connected with increase of specific weight of the knowledgeintensive industrial areas, leaning on a services sector and high technologies, with increase of information activity, development of the higher education and science sphere in structure of gross domestic product are conducted. Carrying out of basic researches in this direction is important in quickly developing Azerbaijan.

Suggested Citation

  • Isa Aliyev & Allahyar Muradov, 2013. "Trends of knowledge-based economy formation in Azerbaijan," Ukrainian Journal Ekonomist, Yuriy Kovalenko, issue 5, pages 39-42, May.
  • Handle: RePEc:uje:journl:y:2013:i:5:p:39-42

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:uje:journl:y:2013:i:5:p:39-42. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Vadym Bardas'). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.