Assessing the Sectoral and Macroeconomic Impacts of Capital Investment on Education in Azerbaijan
https://doi.org/10.31432/1994-2443-2019-14-2-27-34
Abstract
In this article has been analyzed the current state of education in Azerbaijan, and the role of education in poverty reduction and the formation of the labor market has been researched. Also, the assessment of sectoral and macroeconomic impacts of capital investments in the formation of the education system in accordance with the requirements of the labor market was considered.
The purpose of the study is to evaluate the volume and designation of investment in education, including macroeconomic impacts on its economic activities as a whole, in terms of investment programs.
The research database consists of official state documents related to the volume of capital investments and the inter-sectoral balance of production and distribution of products and services developed by the State Statistical Committee of the Republic of Azerbaijan.
The assessments were made using the Social Accounts Matrix and its general multiplier model, based on the intersectoral balance of production and distribution of products and services.
As a result, the economic and macroeconomic effects of capital investments in education were evaluated by simulations.
About the Authors
F. Mikayilov
Scientific-Research Institute of Economic Studies under Azerbaijan State University of Economics (UNEC)
Azerbaijan
Azerbaijan
A. Suleymanov
The Institute for Scientific Research on Economic Reforms under the Ministry of Economy
Azerbaijan
Azerbaijan
M. Mehdiyev
The Institute for Scientific Research on Economic Reforms under the Ministry of Economy
Russian Federation
Russian Federation
R. Musayev
The Institute for Scientific Research on Economic Reforms under the Ministry of Economy
Azerbaijan
Azerbaijan
M. Guliyeva
The Institute for Scientific Research on Economic Reforms under the Ministry of Economy
Azerbaijan
Azerbaijan
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Review
For citations:
Mikayilov F., Suleymanov A., Mehdiyev M., Musayev R., Guliyeva M. Assessing the Sectoral and Macroeconomic Impacts of Capital Investment on Education in Azerbaijan. Information and Innovations. 2019;14(2):27-34. https://doi.org/10.31432/1994-2443-2019-14-2-27-34
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