Hajizadeh Elshan Makhmud oglu

Prof., Dr. Azerbaijan State Economic University

Abstract

ANALYSIS AND EVALUATION OF THE EFFECTIVENESS OF THE INFLUENCE OF NATURAL RESOURCES OF AZERBAIJAN ON THE ECONOMY AT THE NEW STAGE OF THE DEVELOPMENT

Purpose - extensive scientific and methodological classification of natural resources of Azerbaijan, analysis and evaluation of them on a new stage of development, as well as the rationale for their effectiveness of influence on the national economy.

Design/methodology - is based on grouping in the factor approach, the methods of grouping and comparative analysis.

Findings - primarily, express the relevant generalizations in the analysis and assessment of natural resources of Azerbaijan and the rationale for their sustainable impact on the country's economy at a new stage of its development.

Research limitations - are characterized by the branching of methodological approaches in the assessments and the need for volumetric compression information related to the capacity of the analyzing material.

Practical implication - the possibility of use as a modern visual material characterizing the role of natural resources of Azerbaijan in its economic development and also as a source during the appropriate alternative analyses and assessments in this direction.

Originality/value - characterized for the first time at a new stage of development in the extensive structure of the scientific and methodological classification of the natural resources of Azerbaijan and an assessment of the significant impact of these resources on the economy of the country.

Keywords: the economy of Azerbaijan, the Caspian sea, natural wealth (natural resources), oil and gas, minerals.

JEL Classification Codes: L72, O13, O15, R28, R48, Q3