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In Azerbaijan: An Examination of the Relationship Between Human Capital Development and Macroeconomic Indicators

In Azerbaijan: An Examination of the Relationship Between Human Capital Development and Macroeconomic Indicators
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Author(s): Latif Zeynalli (Azerbaijan State Oil and Industry University, Azerbaijan) and Murteza Hasanoglu (The Academy of Public Administration Under the President of the Republic of Azerbaijan, Azerbaijan)
Copyright: 2022
Pages: 23
Source title: Handbook of Research on Cyber Approaches to Public Administration and Social Policy
Source Author(s)/Editor(s): Fahri Özsungur (Mersin University, Turkey)
DOI: 10.4018/978-1-6684-3380-5.ch007

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Abstract

A human being is a being capable of thinking, deciding, and intending. It is irrefutable that a state's true asset is its people, and development's primary purpose is to create an environment in which the population can live a long, healthy, and creative life. Increased investment in human capital will eventually lead to the country's continued development. It is important to remember that in a creative economy, there is a tremendous demand for the intellectual and technological potential that rules this system and the existence of economic resources that provide a powerful source of funding. Human capital is a fundamental value in modern society and has a critical role in the country's economic prosperity as a whole and individual businesses. The study's primary goal is to identify the relationship between Azerbaijan's human capital development and macroeconomic indicators in this regard.

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