Page 117 - Azerbaijan State University of Economics

THE JOURNAL OF ECONOMIC SCIENCES: THEORY AND PRACTICE

THE PUBLIC INVESTMENTS IN AZERBAIJAN:
THEORETICAL AND PRACTICAL ASPECTS
Baghish Sabir Ahmadov
scientist, Ph.D. in Research Institute for Economic
Studies, Azerbaijan State University of Economics

Abstract

The purpose of this article is an identification of theoretical and practical
aspects of public investments and investigation of public investments in
Azerbaijan republic. The research is made based on investigation
methods like economic, statistical and systematic analytics, logical
summary. As a result of implemented research we have clarified the
nature of public investments, evaluated the opportunities of the
government to finance such investments, estimated the role of the
government in the investment activity and justified its further expansion.
The limitation of the research is requirement for more expanded practical
information. The practical importance of the research is elimination of
some uncertainties incurred in application of terminology of “public
investment”, justification for increase of the public investments in the
country and application of the research results in conduction of state
investment policy. The originality and scientific innovation of the
research is that this is the first research in this area in Azerbaijan,
detailed investigations were implemented based information obtained
from state budget, System of National Accounts and construction sector,
the opportunities of government to finance these investments and its role
in investment activity was deeply studied.

Key words: public investment, national savings, foreign debt, capital
expenditure, state budget.

JEL Classification Codes: H50; H54

Introduction
There are some demands in society which cannot be provided due

to some particular limitations. This due to the fact that it is impossible to

limit the utilization of public goods, at the same time such limitation is

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