Page 63 - Azerbaijan State University of Economics

Namiq Abbasov: The Nature of Innovatıve Economıc Growth and Development
Dırectıons of Its Forma tıon

• Institutions (58): exhibits strengths in the sub-pillar Business environment
(33) and in the indicator Ease of starting a business (9).
• Human capital & research (89): the indicator Pupil–teacher ratio (8) reveals a
strength.
• Market sophistication (36): shows strengths in the indicators Ease of getting
credit (1) and Microfinance gross loans (13).
• Business sophistication (92): displays strengths in the indicators
University/industry research collaboration (23), State of cluster development
(27) and FDI net inflows (25).
• Knowledge & technology outputs (115) reveals a strength.
• Creative outputs (67): shows strengths in the indicators ICTs &
organizational model creation (35) and National feature films (27).

GII weaknesses for Azerbaijan are found in five of the seven GII pillars.
• Human capital (HC) & research (89): shows weaknesses in the indicators
Expenditure on education (106) and Global R&D companies (41).
• Infrastructure (88): the sub-pillar General infrastructure (127) displays a
weakness.
• Business sophistication (92): demonstrates weaknesses in the sub-pillar
Knowledge absorption (128) and in the indicators GERD performed by business
(85), GERD financed by abroad (100), Joint Venture–strategic alliance deals
(87), Intellectual property payments (124) and High-tech imports (118).
• Knowledge & technology outputs (115): the indicator Intellectual property
receipts (113) reveals a weakness.
• Creative outputs (67): displays weaknesses in the indicators Creative goods
exports (83) and Mobile app creation (96).

In order to compare the level of innovation activity in our country with some other
countries, see Global Innovation Index for 2021 in the below table 2.

Table 2: Ranking of some countries in the Global Innovation Index report for 2021
Economy GII Institut HC and Infra Market Business Knowledg Creat
2021 ions research struc sophistic sophistic e and ive
ture ation ation technolog outp
y outputs uts
Azerbaijan 80 58 89 88 36 92 115 67
Belarus 62 85 38 59 101 69 37 93
Georgia 63 35 60 85 34 61 75 74
Austria 18 16 7 7 40 15 19 27
Ukraine 49 91 44 94 83 53 33 48
Turkey 41 93 26 48 49 46 50 35
Latvia 38 29 46 55 45 40 45 39

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