On December 15, 2025, held the next meeting of the Scientific Council of the Institute of Economics of the Ministry of Science and Education. At the meeting, chaired by Director General, Professor Nazim Muzaffarli, the Scientific Secretary of the Institute, Doctor of Economic Sciences Leyli Allahverdiyeva delivered a final report on the scientific and organizational activities of the Institute of Economics in 2025.
Providing information about the state institutions, local and foreign universities that the Institute cooperates, events and meetings held within the framework of international cooperation, the scientific secretary said that the scientific and research direction of the Institute during the year was "Directions for the implementation of national priorities of socio-economic development in Azerbaijan in the medium and long term." Obtained a number of important scientific results. Thus, studied the world experience in financing science, analyzed the present condition in the field of financing and state regulation of scientific activity and assessed based on statistical data and expert surveys. In the study put forward proposals and recommendations regarding both the improvement of the financing mechanism at the expense of state funds and the possibilities of attracting other sources to the financing of science.
Also, the “Regional Integrated Value Chain Architecture” (T-RIVCA) Model has been proposed for the economic integration of the countries of the Organization of Turkic States (OTS). Within the framework of the T- RIVCA model, regional production processes are completed within the OTS from raw materials to final assembly, the integration process is transformed into single and interdependent stages, and a new economic structure is formed that reduces import dependence. This model proposes is a new institutional framework that creates a unified industrial policy, common technical standards, coordinated investment priorities and collective competitive advantage in the OTS space.
According to another scientific result, a methodological framework has been developed to measure the level of inclusiveness of social development, and a composite indicator called the “Inclusive Social Security Index” (ISSI) has been proposed. ISSI is calculated based on 3 sub-indices (Social Security System Coverage, Social Security System Sustainability, Social Security System Adequacy), as well as 11 indicators. The index was calculated for 30 countries, including for Azerbaijan.
The participation of private investment in large-scale reconstruction and construction works carried out in post-conflict areas is very low compared to public investment. In order to saving the public funds, acceleration of construction works, diversify the regional economy and for achieving other positive effects, the attraction of private investment to the region should be expanded. The created incentive regime does not fully produce the expected results. New principles, mechanisms, forms and an algorithm of action for attracting private investment to the region have been developed. According to another scientific result, analyzed the state economic policy in the field of electronic information (e-information) services of Azerbaijan. For this purpose, based on the developed methodology, measured the degree of rigidity (softness) of the mechanisms of state regulation of the process of providing e-information services in Azerbaijan and a number of other countries. Analyzed the development indicators of e-information services in Azerbaijan and the measures taken for the development of these services. A survey based on a new methodological approach was conducted to assess the quality of e-information services in the country. As a result of the study, relevant recommendations were put forward for the development of e-information services in Azerbaijan.
Determined the priority directions of the state's economic policy in building a sustainable and competitive economy, and made relevant proposals. Projected macroeconomic growth in Azerbaijan.
The scientific secretary noted that during the year, 10 monographs, 2 textbooks, 4 programs and methodological aids, 231 articles were published by the Institute's employees, including 95 articles abroad (43 in impact factor journals). Organized 15 scientific seminars dedicated to the discussion of various scientific topics. Employees of the Institute participated in seminars organized at various universities and gave lectures.
The Institute has 54 doctoral and Ph.D. students. At the Dissertation Council defended 32 dissertation works (3 of them in Doctor of Economic Sciences and 29 in Ph.D. in Economics).
Scientific employees have given scientific articles and interviews in local and foreign media. During 2025, about 200 original news items related to the Institute's activities were posted on the economics.org.az website. The number of visitors and views to the Institute's official website "economics.org.az", which started operating with a completely updated design in 2024, reached to 1.3 million. 176 video materials have been posted on the YouTube channel, most of which are interviews and expert appearances by our scientists on TV channels. Also, during the year, 50 copies of new literature were added to our library (economics.org.az).
