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2022
DOI: 10.15549/jeecar.v9i6.1199
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Human capital as a driver of sustainable development in Azerbaijan

Abstract: The article's purpose is to empirically substantiate the impact of human development (HC) on the sustainable development of Azerbaijan in current conditions. Using the principal component method, we have determined the components of HC (a factor of professional development, health status, availability of labor force, financial activation of human potential) and sustainable development (low-tech economic development, medium and high-tech economic, environmental, and social development. Regarding the assessment … Show more

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Cited by 4 publications
(3 citation statements)
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“…Retail organizations in Azerbaijan show an increasing interest in developing inclusive communities, justice, and equity due to the influence of globalization that promotes evergrowing employment mobility and sustainable practices (Masimov & Aghayeva, 2023;Pürhani et al, 2022). Therefore, the commitment and competence of motivated employees are vital to enhancing productivity and business model innovation (Faccia, Corlise Liesl & Pandey, 2023;Nouf Nasser Al-Tamimi & Shifan, 2023;Valk & Yousif, 2023).…”
Section: Consequentlymentioning
confidence: 99%
See 1 more Smart Citation
“…Retail organizations in Azerbaijan show an increasing interest in developing inclusive communities, justice, and equity due to the influence of globalization that promotes evergrowing employment mobility and sustainable practices (Masimov & Aghayeva, 2023;Pürhani et al, 2022). Therefore, the commitment and competence of motivated employees are vital to enhancing productivity and business model innovation (Faccia, Corlise Liesl & Pandey, 2023;Nouf Nasser Al-Tamimi & Shifan, 2023;Valk & Yousif, 2023).…”
Section: Consequentlymentioning
confidence: 99%
“…Azerbaijan is experiencing sustained economic growth and development and has transformed itself into a middle to upper-income country, which ranks high under the Human Development Index (Pürhani, Guliyeva, Teymurova, Guliyeva & Gahramanova, 2022). Additionally, the retail industry, which includes hypermarkets, convenience stores, supermarkets, health and beauty, hardware stores, and apparel retailers, continues to experience growth.…”
Section: Introductionmentioning
confidence: 99%
“…With respect to the education sector, Babayev (2021) underlines the need for continued investments in education so as to train highly qualified personnel, especially in the areas of health, applied mathematics, and engineering. Purhani et al (2022) state that an additional challenge facing Azerbaijan in its education sector are reductions in availability and quality due to social distancing in light of the recent health pandemic. This study fills the gap in the literature by estimating specific investment magnitudes for human capital in the UN SDG context.…”
Section: Literature Reviewmentioning
confidence: 99%