Araştırma Makalesi

REALIZING INNOVATION-DRIVEN ECONOMIC GROWTH: CASE STUDIES FROM AZERBAIJAN, TURKIYE, AND GEORGIA

Cilt: 13 Sayı: 1 8 Temmuz 2025
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REALIZING INNOVATION-DRIVEN ECONOMIC GROWTH: CASE STUDIES FROM AZERBAIJAN, TURKIYE, AND GEORGIA

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This study explores the pathways and mechanisms through which innovation drives economic growth in Azerbaijan, Turkiye, and Georgia. Utilizing data from both national and international sources, including the State Statistical Committee of the Republic of Azerbaijan, the National Statistics Office of Georgia, the Turkish Statistical Institute, the Global Innovation Index, the World Bank, the IMF, and the OECD, the analysis focuses on a wide range of macroeconomic and innovation-related indicators to assess the role of innovation in economic transformation. The study emphasizes the importance of key factors such as GDP (PPP), GDP per capita, labour productivity, R&D expenditure, patent output, high-tech manufacturing and exports, ICT services exports, education spending, tertiary enrolment rates, and the share of science and engineering graduates in driving long-term economic growth. A comparative approach is employed to highlight the distinct development trajectories of the three countries while identifying shared challenges and opportunities for innovation-led transformation. Key findings suggest that innovation plays a critical role in fostering economic diversification and competitiveness in these countries. The study underscores the need for coordinated policy measures and investments in human capital, infrastructure, and research and development to build sustainable innovation ecosystems. Insights from this research offer valuable guidance for policymakers, business leaders, and academic institutions in enhancing the innovation capacity of Azerbaijan, Turkiye, and Georgia. Furthermore, the study calls for future research that includes empirical case studies and quantitative assessments to further evaluate the practical impact of innovation on economic growth. By providing a comparative analysis of innovation-driven economic transformation, this research contributes to the academic and policy discussions surrounding sustainable development in the South Caucasus and Turkiye.

Anahtar Kelimeler

Kaynakça

  1. Aghion, P., & Howitt, P. (2009). The economics of growth. MIT Press. https://www.scirp.org/reference/ referencespapers?referenceid=2149878
  2. Åslund, A. (2013). Why growth in emerging economies is likely to fall (Working Paper Series WP13-10). Peterson Institute for International Economics.
  3. Castellacci, F., & Natera, J. M. (2020). Innovation and economic growth: Evidence from panel cointegration analysis. Research Policy, 49(1), 103910. https://doi.org/10.1016/j.respol.2019.103910
  4. Chesbrough, H. W. (2003). Open innovation: The new imperative for creating and profiting from technology. Harvard Business School Press.
  5. Comin, D., & Hobijn, B. (2010). Technology diffusion and postwar growth. In P. Aghion & S. N. Durlauf (Eds.), Handbook of economic growth (Vol. 2, pp. 565–622). Elsevier.
  6. Crescenzi, R., Gagliardi, L., & Iammarino, S. (2020). Innovation and regional growth in Europe: A spatial econometric approach. Regional Studies, 54(9), 1271–1283. https://doi.org/10.1080/00343404.2020.1724167
  7. Crespi, G., & Zuniga, P. (2022). Innovation and productivity: The role of firm capabilities in Latin America. Journal of Economic Surveys, 36(4), 1157–1185. https://doi.org/10.1111/joes.12481
  8. European Bank for Reconstruction and Development. (2018). EBRD. https://www.ebrd.com/home.html#

Ayrıntılar

Birincil Dil

İngilizce

Konular

Büyüme

Bölüm

Araştırma Makalesi

Yayımlanma Tarihi

8 Temmuz 2025

Gönderilme Tarihi

13 Mayıs 2025

Kabul Tarihi

8 Temmuz 2025

Yayımlandığı Sayı

Yıl 2025 Cilt: 13 Sayı: 1

Kaynak Göster

APA
Abbasov, N. (2025). REALIZING INNOVATION-DRIVEN ECONOMIC GROWTH: CASE STUDIES FROM AZERBAIJAN, TURKIYE, AND GEORGIA. Journal of International Management Educational and Economics Perspectives, 13(1), 26-40. https://izlik.org/JA33FY44KC
AMA
1.Abbasov N. REALIZING INNOVATION-DRIVEN ECONOMIC GROWTH: CASE STUDIES FROM AZERBAIJAN, TURKIYE, AND GEORGIA. Journal of International Management Educational and Economics Perspectives. 2025;13(1):26-40. https://izlik.org/JA33FY44KC
Chicago
Abbasov, Namig. 2025. “REALIZING INNOVATION-DRIVEN ECONOMIC GROWTH: CASE STUDIES FROM AZERBAIJAN, TURKIYE, AND GEORGIA”. Journal of International Management Educational and Economics Perspectives 13 (1): 26-40. https://izlik.org/JA33FY44KC.
EndNote
Abbasov N (01 Temmuz 2025) REALIZING INNOVATION-DRIVEN ECONOMIC GROWTH: CASE STUDIES FROM AZERBAIJAN, TURKIYE, AND GEORGIA. Journal of International Management Educational and Economics Perspectives 13 1 26–40.
IEEE
[1]N. Abbasov, “REALIZING INNOVATION-DRIVEN ECONOMIC GROWTH: CASE STUDIES FROM AZERBAIJAN, TURKIYE, AND GEORGIA”, Journal of International Management Educational and Economics Perspectives, c. 13, sy 1, ss. 26–40, Tem. 2025, [çevrimiçi]. Erişim adresi: https://izlik.org/JA33FY44KC
ISNAD
Abbasov, Namig. “REALIZING INNOVATION-DRIVEN ECONOMIC GROWTH: CASE STUDIES FROM AZERBAIJAN, TURKIYE, AND GEORGIA”. Journal of International Management Educational and Economics Perspectives 13/1 (01 Temmuz 2025): 26-40. https://izlik.org/JA33FY44KC.
JAMA
1.Abbasov N. REALIZING INNOVATION-DRIVEN ECONOMIC GROWTH: CASE STUDIES FROM AZERBAIJAN, TURKIYE, AND GEORGIA. Journal of International Management Educational and Economics Perspectives. 2025;13:26–40.
MLA
Abbasov, Namig. “REALIZING INNOVATION-DRIVEN ECONOMIC GROWTH: CASE STUDIES FROM AZERBAIJAN, TURKIYE, AND GEORGIA”. Journal of International Management Educational and Economics Perspectives, c. 13, sy 1, Temmuz 2025, ss. 26-40, https://izlik.org/JA33FY44KC.
Vancouver
1.Namig Abbasov. REALIZING INNOVATION-DRIVEN ECONOMIC GROWTH: CASE STUDIES FROM AZERBAIJAN, TURKIYE, AND GEORGIA. Journal of International Management Educational and Economics Perspectives [Internet]. 01 Temmuz 2025;13(1):26-40. Erişim adresi: https://izlik.org/JA33FY44KC