The Impact of Natural Resource Exploitation on Balanced Development with Modified Reproduction Scheme Based on Supply Chain Management

In the scientific work has been modified the impact of the exploitation of natural resources (non-renewable oil and gas reserves) on balanced economic development and been researched Karl Marx's production scheme. Marx's simple and extensive reproduction scheme based on supply chain management, rather I-capital sector was divided into 3 parts for physical, natural and human capitals, and at first, theoretically modified and analyzed added value from the exploitation of natural capital (oil and gas reserves). The literature review, results, and statistical figures of carried out necessary research have been substantiated. The result of analysis proved that the added value generated from the exploitation of oil and gas resources mainly in the consumer sector has created additional demand and as a result, have emerged the interdisciplinary demand and supply sequences. In the scientific work carried out analysis of the results obtained from the model of realization and are given specific directions and calculations of creating balanced development of revenues received from exploitation oil and gas resources

How Oil Price Drops are Reflected by Imported Inflation in Azerbaijan?

Oil price shocks are generally seen as a major factor affecting the macroeconomic situation of the country, especially oil exporting countries such as Azerbaijan. While some authors have stated the direct channels of transmission of energy price shocks, other authors have considered the more of an indirect transmission of oil prices effects to the major macroeconomic variables. In this paper a cointegrated vector autoregressive model, vector error correction model model has been considered for Azerbaijan in order to study the response of inflation to oil price shocks. Empirical analysis shows that, for Azerbaijan there seems to be a statistical significant short-run relationship of unexpected oil price shocks on inflation rate that supported to reveal the imported inflation in Azerbaijan. Besides, there have been found a long run relationship running from exports, exchange rate, money supply, imports to the inflation in Azerbaijan as well. In conclusion, decreases in oil prices are transmitted to high imported inflation by lowering the value of domestic exchange rate and increasing the value of imports. Keywords: Imported Inflation, Oil Price Shocks, Exchange Rate, Vector Error Correction Model, Money Supply, Exports JEL Classifications: C58, E31, E43, E51, F31, O24 DOI: https://doi.org/10.32479/ijeep.746

The Assessment of Impact of Competitiveness to Economic Development

Competition plays key driving force for economic development in the efficient market economy. To achieve competitive advantage at the international level, each country needs to improve competitiveness on different economic indicators at the national level. The Global Competitiveness Report 2018 of World Economic Forum calculated the competitiveness index of countries under 98 sub-indexes. The goal of the research is econometric assessment of the impact of competitiveness to economic development in the oil rich countries, such as Azerbaijan. For the purposes of this research, the global rating of Azerbaijan was determined through calculating the volume of GDP, as well as, oil and non-oil GDP. The research was conducted by applying systematic and statistical analysis and running Excell and Eviews8 calculations. As a result, the impact of competitiveness index to the GDP (oil and non-oil GDP) at the oil rich countries, such as Azerbaijan was calculated and following outcomes were achieved: The semi-elasticity coefficient is above 1 on the volume of non-oil GDP on the competitiveness index. That means, if the competitiveness of Azerbaijan increases on the global rating then the next year non-oil GDP increases more than 1%. The improvement of the competitiveness indicators in the current year in Azerbaijan increases non-oil sector the following year. It takes time to attract investments to a country, so this outcome is expected. The semi-elasticity coefficient of the GDP volume on the competitiveness index is smaller than the semi-elasticity coefficient of the non-oil GDP at the oil rich countries. The practical importance of the research: this study can motivate other scholars to conduct reseach on the area. The innovativeness and uniqueness of the research: the impact of the competitiveness indicators on the economic growth has been assesed in Azerbaijan

Assessment of the integration relationships between science and education at the doctoral

In this article the integration between science and education has been studied. The number of indexed scientific articles in Azerbaijan is accepted as a explained variable, which is pulled up from SCOPUS scientific bibliographic base and its dependence on the number of admitted PhD students has been assesed running the econometric model. In addition, the dependence of explained variable on the GDP value, education and science has been calculated by running the econometric models. As a result, the ratio of Doctor of Science to Doctor of Philosophy has been calculated

Assessment of the integration relationships between science and education at the doctoral

In this article the integration between science and education has been studied. The number of indexed scientific articles in Azerbaijan is accepted as a explained variable, which is pulled up from SCOPUS scientific bibliographic base and its dependence on the number of admitted PhD students has been assesed running the econometric model. In addition, the dependence of explained variable on the GDP value, education and science has been calculated by running the econometric models. As a result, the ratio of Doctor of Science to Doctor of Philosophy has been calculated

The Assessment of Impact of Competitiveness to Economic Development

Competition plays key driving force for economic development in the efficient market economy. To achieve competitive advantage at the international level, each country needs to improve competitiveness on different economic indicators at the national level. The Global Competitiveness Report 2018 of World Economic Forum calculated the competitiveness index of countries under 98 sub-indexes. The goal of the research is econometric assessment of the impact of competitiveness to economic development in the oil rich countries, such as Azerbaijan. For the purposes of this research, the global rating of Azerbaijan was determined through calculating the volume of GDP, as well as, oil and non-oil GDP. The research was conducted by applying systematic and statistical analysis and running Excell and Eviews8 calculations. As a result, the impact of competitiveness index to the GDP (oil and non-oil GDP) at the oil rich countries, such as Azerbaijan was calculated and following outcomes were achieved: The semi-elasticity coefficient is above 1 on the volume of non-oil GDP on the competitiveness index. That means, if the competitiveness of Azerbaijan increases on the global rating then the next year non-oil GDP increases more than 1%. The improvement of the competitiveness indicators in the current year in Azerbaijan increases non-oil sector the following year. It takes time to attract investments to a country, so this outcome is expected. The semi-elasticity coefficient of the GDP volume on the competitiveness index is smaller than the semi-elasticity coefficient of the non-oil GDP at the oil rich countries. The practical importance of the research: this study can motivate other scholars to conduct reseach on the area. The innovativeness and uniqueness of the research: the impact of the competitiveness indicators on the economic growth has been assesed in Azerbaijan

Modelling the Impact of the Solar Activity on Demographic and Economic Indicators

Researchers devoted a great attention to the studying of the solar activity for a long time. The reason is that the Sun has a strong impact on the world and people's lives. An increase in solar activity triggers world magnetic field that causes to increase the physical and mental health of the people. Human capital has a very important role in economic, social and demographic development. Therefore, solar activity can be considered as an important factor for the above detailed areas. The solar activity is defined with different indicators. The results of the econometric models indicate that an increase in solar activity (Wolf number) has a positive effect on rate, natural population growth, marriage and a negative effect on mortality and divorces. The solar activity has a positive impact on world GDP, investment and world oil prices. Keywords: Solar activity, human factor, demographic indicators, natural growth, GDP, world oil price. JEL Classifications: C51; C59; J11; J1

Improving the E-Commerce Business Model in a Sustainable Environment

The purpose of this study is to develop a comprehensive methodological approach to assess the sustainability of the e-commerce business model based on the integration of key performance indicators into a single vector of business model sustainability. The proposed vector approach allows for predicting and evaluating the effects of different kinds of measures, identifying and implementing the most effective tools for sustainable e-commerce business development. The methodology of this study is based on correlation, cluster and regression analysis. The scientific contribution of this study is the proposed methodological approach, which not only allows one to analyze business model sustainability, but also to compare companies in a competitive environment to determine the priorities of their functioning to achieve leadership positions on the background of sustainable development. The correlation analysis proved that in modern conditions, both economic and environmental components are significant for business model effectiveness in e-commerce. The clustering of the studied e-commerce companies provided an opportunity to take into account the peculiarities of the studied companies, to group them by similar performance indicators. This made it possible to develop more accurate regression models for each cluster. In this case, there is a correlation between the sustainability vector of the business model of a company and its assignment to a particular cluster. The conducted modeling and determination of the level of business model sustainability allowed for determining a relationship between it and the performance of e-commerce companies in the context of economic, environmental and social dimensions. At the same time, the results show that increasing the sustainability vector brings a company closer to the business sustainability benchmark

Improving the E-Commerce Business Model in a Sustainable Environment

The purpose of this study is to develop a comprehensive methodological approach to assess the sustainability of the e-commerce business model based on the integration of key performance indicators into a single vector of business model sustainability. The proposed vector approach allows for predicting and evaluating the effects of different kinds of measures, identifying and implementing the most effective tools for sustainable e-commerce business development. The methodology of this study is based on correlation, cluster and regression analysis. The scientific contribution of this study is the proposed methodological approach, which not only allows one to analyze business model sustainability, but also to compare companies in a competitive environment to determine the priorities of their functioning to achieve leadership positions on the background of sustainable development. The correlation analysis proved that in modern conditions, both economic and environmental components are significant for business model effectiveness in e-commerce. The clustering of the studied e-commerce companies provided an opportunity to take into account the peculiarities of the studied companies, to group them by similar performance indicators. This made it possible to develop more accurate regression models for each cluster. In this case, there is a correlation between the sustainability vector of the business model of a company and its assignment to a particular cluster. The conducted modeling and determination of the level of business model sustainability allowed for determining a relationship between it and the performance of e-commerce companies in the context of economic, environmental and social dimensions. At the same time, the results show that increasing the sustainability vector brings a company closer to the business sustainability benchmark

Energy intensity of the economy in the context of rethinking growth within a limited planet

Sustainable energy is paramount in advancing initiatives about energy conservation and transitioning towards clean, secure, and efficient energy sources. The research objective is to assess the impact of alterations in energy intensity on the socioeconomic development of a country. The study includes monitoring the prospects of countries in the EECCA (Eastern Europe, Caucasus, and Central Asia) region whose energy markets rely on the traditional model of energy production. The panel data method and empirical estimation for correlation calculations are oriented towards the context of Azerbaijan, a major producer of crude oil and natural gas in the Caspian-Black Sea region. The obtained results have demonstrated that the predominant current trend in most countries of the Caspian-Black Sea region is characterized by intensive growth in energy intensity. It is found that Azerbaijan has one of the highest rates of energy self-sufficiency within the developing energy sector. Furthermore, the renewable energy sector is experiencing a decline, while the proliferation of CO2 emissions is characterized by the presence of eco-social consequences stemming from the activities of the energy sector. Empirically, the correlation between energy intensity and both economic development and sustainable social policies has been proven. It has been determined that Azerbaijan's economic policy is directed towards specific measures aimed at reducing energy intensity, which presents a contradiction for countries in the Caspian-Black Sea region. However, advocating for the attainment of Sustainable Development Goal 7 within the framework of the global economy is a necessary and logical measure for enhancing energy efficiency in the context of sustainable economic development. Practical application of the results can be used in the practice of state management of energy sector development as part of achieving the objectives of the global economy