Digital Economy in the Projection of the Economic Development Model: Realities of the Republic of Azerbaijan

At present, not only the formation of the VI technological order is occurring, but also the transition to a network model for the development of the world economy, a specific feature of which is virtualization. This is the objective reality of our time, to which all countries are forced to adapt, ta...

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Autores principales: E. A. Kuklina, E. A. Babayev
Formato: article
Lenguaje:EN
RU
Publicado: North-West institute of management of the Russian Presidential Academy of National Economy and Public Administration 2019
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Acceso en línea:https://doaj.org/article/f3f1999623f4417fb00f435633ce91b2
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spelling oai:doaj.org-article:f3f1999623f4417fb00f435633ce91b22021-11-12T10:46:11ZDigital Economy in the Projection of the Economic Development Model: Realities of the Republic of Azerbaijan1726-11391816-859010.22394/1726-1139-2019-12-90-103https://doaj.org/article/f3f1999623f4417fb00f435633ce91b22019-12-01T00:00:00Zhttps://www.acjournal.ru/jour/article/view/1253https://doaj.org/toc/1726-1139https://doaj.org/toc/1816-8590At present, not only the formation of the VI technological order is occurring, but also the transition to a network model for the development of the world economy, a specific feature of which is virtualization. This is the objective reality of our time, to which all countries are forced to adapt, taking it for granted, coexisting in a single digital space. The article explores the economic model and identifies patterns of economic development in Azerbaijan in the postSoviet period. The experience of digitalization of the economy is studied on the basis of public administration, the key factors for the development of the Azerbaijani economy are formulated, the perspective direction of using digital technologies within the framework of the existing economic development model is substantiated. A hypothesis is the assumption that it is necessary to use blockchain technology to increase the efficiency of the oil and gas sector, which forms a significant part of the state budget revenues, more than 50% of which are transfers from the State Oil Fund of the Republic of Azerbaijan.E. A. KuklinaE. A. BabayevNorth-West institute of management of the Russian Presidential Academy of National Economy and Public Administration articleeconomic modeldigital economye-governmentoil and gas sectorbig datablockchaindigital spaceforecast analyticsPolitical institutions and public administration (General)JF20-2112ENRUУправленческое консультирование, Vol 0, Iss 12, Pp 90-103 (2019)
institution DOAJ
collection DOAJ
language EN
RU
topic economic model
digital economy
e-government
oil and gas sector
big data
blockchain
digital space
forecast analytics
Political institutions and public administration (General)
JF20-2112
spellingShingle economic model
digital economy
e-government
oil and gas sector
big data
blockchain
digital space
forecast analytics
Political institutions and public administration (General)
JF20-2112
E. A. Kuklina
E. A. Babayev
Digital Economy in the Projection of the Economic Development Model: Realities of the Republic of Azerbaijan
description At present, not only the formation of the VI technological order is occurring, but also the transition to a network model for the development of the world economy, a specific feature of which is virtualization. This is the objective reality of our time, to which all countries are forced to adapt, taking it for granted, coexisting in a single digital space. The article explores the economic model and identifies patterns of economic development in Azerbaijan in the postSoviet period. The experience of digitalization of the economy is studied on the basis of public administration, the key factors for the development of the Azerbaijani economy are formulated, the perspective direction of using digital technologies within the framework of the existing economic development model is substantiated. A hypothesis is the assumption that it is necessary to use blockchain technology to increase the efficiency of the oil and gas sector, which forms a significant part of the state budget revenues, more than 50% of which are transfers from the State Oil Fund of the Republic of Azerbaijan.
format article
author E. A. Kuklina
E. A. Babayev
author_facet E. A. Kuklina
E. A. Babayev
author_sort E. A. Kuklina
title Digital Economy in the Projection of the Economic Development Model: Realities of the Republic of Azerbaijan
title_short Digital Economy in the Projection of the Economic Development Model: Realities of the Republic of Azerbaijan
title_full Digital Economy in the Projection of the Economic Development Model: Realities of the Republic of Azerbaijan
title_fullStr Digital Economy in the Projection of the Economic Development Model: Realities of the Republic of Azerbaijan
title_full_unstemmed Digital Economy in the Projection of the Economic Development Model: Realities of the Republic of Azerbaijan
title_sort digital economy in the projection of the economic development model: realities of the republic of azerbaijan
publisher North-West institute of management of the Russian Presidential Academy of National Economy and Public Administration
publishDate 2019
url https://doaj.org/article/f3f1999623f4417fb00f435633ce91b2
work_keys_str_mv AT eakuklina digitaleconomyintheprojectionoftheeconomicdevelopmentmodelrealitiesoftherepublicofazerbaijan
AT eababayev digitaleconomyintheprojectionoftheeconomicdevelopmentmodelrealitiesoftherepublicofazerbaijan
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