THE EFFECT OF EDUCATION, SCIENCE, SOCIAL SECURITY AND HEALTH EXPENDITURES ON ECONOMIC GROWTH: A CASE OF AZERBAIJAN

Polad Aliyev; Serkan Künü

Article Details

THE EFFECT OF EDUCATION, SCIENCE, SOCIAL SECURITY AND HEALTH EXPENDITURES ON ECONOMIC GROWTH: A CASE OF AZERBAIJAN

Authors:

Polad Aliyev | Serkan Künü

Publisher:

Kafkas University

Main Topics:

Kalkınma Ekonomisi - Makro

Journal:

Kafkas Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi Vol.14 Issue 27, pp.249-275

Document Type:

Article

Publication Date:

6/2023

Document Language:

Turkish

Document ID (Org No.):

2001294863

pISSN:

1309-4289

Keywords:

Abstract:

 The aim of this study is to analyze the effect of public education, science, social security and health expenditures on economic growth for the country of Azerbaijan. After the declaration of independence, the policies made in the economic field caused the Azerbaijani economy to make significant progress. In order to analyze the effect of public expenditures on economic growth, education, science, social security and health expenditures included in the budget of the Republic of Azerbaijan were determined and used as variables. Random Forest regression, ARDL boundary test and Toda - Yamamoto test were applied by using the fiscal and budget data of the State Statistics Committee of the Azerbaijan Republic for the period 1990-2021. As a result, it has emerged that these expenditures have a certain effect on economic growth, and both Wagners law and Keynes hypothesis have been confirmed in many of them, and only one of these hypotheses has been confirmed in some.

 The aim of this study is to analyze the effect of public education, science, social security and health expenditures on economic growth for the country of Azerbaijan. After the declaration of independence, the policies made in the economic field caused the Azerbaijani economy to make significant progress. In order to analyze the effect of public expenditures on economic growth, education, science, social security and health expenditures included in the budget of the Republic of Azerbaijan were determined and used as variables. Random Forest regression, ARDL boundary test and Toda - Yamamoto test were applied by using the fiscal and budget data of the State Statistics Committee of the Azerbaijan Republic for the period 1990-2021. As a result, it has emerged that these expenditures have a certain effect on economic growth, and both Wagners law and Keynes hypothesis have been confirmed in many of them, and only one of these hypotheses has been confirmed in some.

 The aim of this study is to analyze the effect of public education, science, social security and health expenditures on economic growth for the country of Azerbaijan. After the declaration of independence, the policies made in the economic field caused the Azerbaijani economy to make significant progress. In order to analyze the effect of public expenditures on economic growth, education, science, social security and health expenditures included in the budget of the Republic of Azerbaijan were determined and used as variables. Random Forest regression, ARDL boundary test and Toda - Yamamoto test were applied by using the fiscal and budget data of the State Statistics Committee of the Azerbaijan Republic for the period 1990-2021. As a result, it has emerged that these expenditures have a certain effect on economic growth, and both Wagners law and Keynes hypothesis have been confirmed in many of them, and only one of these hypotheses has been confirmed in some.

 Bu çalışmanın amacı, Azerbaycan ülkesi için kamu tarafından yapılan eğitim, bilim, sosyal güvenlik ve sağlık harcamalarının ekonomik büyüme üzerine etkisini analiz etmektir. Bağımsızlık ilanından sonra ekonomik alanda yapılan politikalar Azerbaycan ekonomisinin önemli ölçüde ilerleme kaydetmesine sebep olmuştur. Kamu harcamalarının ekonomik büyüme üzerine etkisinin analiz etmek amacı ile Azerbaycan Cumhuriyetinin bütçesi içerisinde yer alan eğitim, bilim, sosyal güvenlik, sağlık harcamaları tespit edilerek değişken olarak kullanılmıştır. Azerbaycan Cumhuriyeti Devlet İstatistik Komitesinin 1990-2021 dönemine ait maliye ve bütçe verileri kullanılarak Rassal Orman regresyonu, ARDL sınır testi ve Toda - Yamamoto testi uygulanmıştır. Sonuç olarak bu harcamaların ekonomik büyüme üzerine belli ölçüde etkili olduğu ortaya çıkmış ve birçoğunda hem Wagner yasası hem de Keynes hipotezi, bazılarında ise bu hipotezlerden yalnızca biri doğrulanmıştır.

Article Details

THE EFFECT OF EDUCATION, SCIENCE, SOCIAL SECURITY AND HEALTH EXPENDITURES ON ECONOMIC GROWTH: A CASE OF AZERBAIJAN

Authors:

Polad Aliyev | Serkan Künü

Publisher:

Kafkas University

Main Topics:

Kalkınma Ekonomisi - Makro

Journal:

Kafkas Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi Vol.14 Issue 27, pp.249-275

Document Type:

Article

Publication Date:

6/2023

Document Language:

Turkish

Document ID (Org No.):

2001294863

pISSN:

1309-4289

Azerbaijan

growth

social expendituresAzerbaycan

Büyüme

Sosyal Harcamalar

Issues

Article Details

THE EFFECT OF EDUCATION, SCIENCE, SOCIAL SECURITY AND HEALTH EXPENDITURES ON ECONOMIC GROWTH: A CASE OF AZERBAIJAN

Authors: Polad Aliyev | Serkan Künü

Publisher: Kafkas University

Main Topics: Kalkınma Ekonomisi - Makro

Journal: Kafkas Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi Vol.14 Issue 27, pp.249-275

Document Type: Article

Publication Date: 6/2023

Document Language: Turkish

Document ID (Org No.): 2001294863

pISSN: 1309-4289

Azerbaijan

growth

social expendituresAzerbaycan

Büyüme

Sosyal Harcamalar

Issues

Authors:

Polad Aliyev | Serkan Künü

Publisher:

Kafkas University

Main Topics:

Kalkınma Ekonomisi - Makro

Journal:

Kafkas Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi Vol.14 Issue 27, pp.249-275

Document Type:

Article

Publication Date:

6/2023

Document Language:

Turkish

Document ID (Org No.):

2001294863

pISSN:

1309-4289