Ways to Overcome the Economic Crisis and the Role of Statistics in Decision-making: the Experience of Azerbaijan

The problems faced by the Azeri economy on account of the falling oil price, the slowing economic growth in the countries that are its key trade partners, and the parallel processes in finance and bank sector are discussed. It is shown that due to the reducing external investment, the rather strong...
Ausführliche Beschreibung

Gespeichert in:

Autor*in:	S. М. Yahubov [verfasserIn]

Format:	E-Artikel
Sprache:	Englisch ; Ukrainisch

Erschienen:	2017

Schlagwörter:	macroeconomic stability, strategic roadmap, strategic goal, statistical data, statistical surveys, statistical infrastructure, information system

Übergeordnetes Werk:	In: Статистика України - State Statistics Service of Ukraine, the National Academy of Statistics, Accounting and Audit (NASAA), the National Academy for Public Administration (NAPA) under the President of Ukraine, 2020, (2017), 3(78), Seite 93-97
Übergeordnetes Werk:	year:2017 ; number:3(78) ; pages:93-97

Links:	Link aufrufen Link aufrufen Link aufrufen Journal toc Journal toc

DOI / URN:	10.31767/su.3(78).2017.03.12

Katalog-ID:	DOAJ005172012

Internformat


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callnumber-first	H - Social Science
author	S. М. Yahubov
spellingShingle	S. М. Yahubov misc HA1-4737 misc macroeconomic stability, strategic roadmap, strategic goal, statistical data, statistical surveys, statistical infrastructure, information system misc Statistics Ways to Overcome the Economic Crisis and the Role of Statistics in Decision-making: the Experience of Azerbaijan
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topic_title	HA1-4737 Ways to Overcome the Economic Crisis and the Role of Statistics in Decision-making: the Experience of Azerbaijan macroeconomic stability, strategic roadmap, strategic goal, statistical data, statistical surveys, statistical infrastructure, information system
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title_sort	ways to overcome the economic crisis and the role of statistics in decision-making: the experience of azerbaijan
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title_auth	Ways to Overcome the Economic Crisis and the Role of Statistics in Decision-making: the Experience of Azerbaijan
abstract	The problems faced by the Azeri economy on account of the falling oil price, the slowing economic growth in the countries that are its key trade partners, and the parallel processes in finance and bank sector are discussed. It is shown that due to the reducing external investment, the rather strong dependence on imports and the shadow employment, the underdeveloped human capital, Azerbaijan risks to be moved to the group of countries with medium or even low rates of profitability. Four strategic goals of the road map for the national economy, developed for the transition to the new concept of economic development, are highlighted. It is argued that the sustainable economic development can be achieved through implementing these goals and the strategic road maps on 11 industries of the national economy, by setting the balance between its non-financial and financial sector. In analyzing the strategic road map for the national economy, it is emphasized that improvement in the statistics infrastructure is one of its action areas. Its main objective is to enhance the quality of statistical information for taking more effective decisions on extending the capabilities of supplementary support for the reforms. The importance of statistical reporting for analyses of the implementation of national programs and development guidelines adopted in Azerbaijan is emphasized. The role of statistics in analyses of the current performance and results of measures specified in the road maps at macroeconomic and sectoral level is underlined. The instruments for statistical data collection are enumerated. The branches of statistics where reorganization is a prime objective are determined. The need for actions to ensure international comparability of statistical data, integration of administrative data, development of the statistical information system on the basis of official methodology is substantiated.
abstractGer	The problems faced by the Azeri economy on account of the falling oil price, the slowing economic growth in the countries that are its key trade partners, and the parallel processes in finance and bank sector are discussed. It is shown that due to the reducing external investment, the rather strong dependence on imports and the shadow employment, the underdeveloped human capital, Azerbaijan risks to be moved to the group of countries with medium or even low rates of profitability. Four strategic goals of the road map for the national economy, developed for the transition to the new concept of economic development, are highlighted. It is argued that the sustainable economic development can be achieved through implementing these goals and the strategic road maps on 11 industries of the national economy, by setting the balance between its non-financial and financial sector. In analyzing the strategic road map for the national economy, it is emphasized that improvement in the statistics infrastructure is one of its action areas. Its main objective is to enhance the quality of statistical information for taking more effective decisions on extending the capabilities of supplementary support for the reforms. The importance of statistical reporting for analyses of the implementation of national programs and development guidelines adopted in Azerbaijan is emphasized. The role of statistics in analyses of the current performance and results of measures specified in the road maps at macroeconomic and sectoral level is underlined. The instruments for statistical data collection are enumerated. The branches of statistics where reorganization is a prime objective are determined. The need for actions to ensure international comparability of statistical data, integration of administrative data, development of the statistical information system on the basis of official methodology is substantiated.
abstract_unstemmed	The problems faced by the Azeri economy on account of the falling oil price, the slowing economic growth in the countries that are its key trade partners, and the parallel processes in finance and bank sector are discussed. It is shown that due to the reducing external investment, the rather strong dependence on imports and the shadow employment, the underdeveloped human capital, Azerbaijan risks to be moved to the group of countries with medium or even low rates of profitability. Four strategic goals of the road map for the national economy, developed for the transition to the new concept of economic development, are highlighted. It is argued that the sustainable economic development can be achieved through implementing these goals and the strategic road maps on 11 industries of the national economy, by setting the balance between its non-financial and financial sector. In analyzing the strategic road map for the national economy, it is emphasized that improvement in the statistics infrastructure is one of its action areas. Its main objective is to enhance the quality of statistical information for taking more effective decisions on extending the capabilities of supplementary support for the reforms. The importance of statistical reporting for analyses of the implementation of national programs and development guidelines adopted in Azerbaijan is emphasized. The role of statistics in analyses of the current performance and results of measures specified in the road maps at macroeconomic and sectoral level is underlined. The instruments for statistical data collection are enumerated. The branches of statistics where reorganization is a prime objective are determined. The need for actions to ensure international comparability of statistical data, integration of administrative data, development of the statistical information system on the basis of official methodology is substantiated.
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Ways to Overcome the Economic Crisis and the Role of Statistics in Decision-making: the Experience of Azerbaijan

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