Econometric Assessment of the Impact of Competitiveness on the Income of the Population in Azerbaijan
Authors
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Yadulla Hasanli
Azerbaijan State University of Economics
Author
https://orcid.org/0000-0001-9497-5607
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Sardar Shabanov
Azerbaijan State University of Economics
Author
https://orcid.org/0000-0001-8020-6954
Abstract
The concept of global competitiveness index (GCI) was proposed in 2004. The GCI index is calculated by the World Economic Forum since 2007. The GCI is an aggregate indicator that includes more than 110 sub-indicators in 12 groups. According to the values of this indicator, the countries of the world are ranked in descending order.
It is clear that international competitiveness covers all spheres of a country's life - political, social, economic and cultural - and ultimately plays a leading role in the well-being of the country's population. One of the important components of well-being is the income of the population. In this article, the issue of the impact of competitiveness on the income of the population was considered in the case of Azerbaijan.
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References
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