Analysis of the Impact of High-Tech Exports and Industrial Scale on Employers in Azerbaijan

Abstract

Modern technologies accelerate and change the economic activity of both developed and developing countries. The application of technologies in a wide range of fields, from production processes to the service sector, increases macroeconomic competitiveness. It is for this reason that employers' high technology export and connection with industry can be considered as one of the main components of economic success in the modern era. The study mainly assesses the impact of employers on high-tech exports and changes in the size of industry. This assessment provides optimized data for the study of the relationship between employers and potential export and the impact of employers on growth in the industrial sphere. The aim of the study is to examine the interaction between employers and the following variables: domestic loans provided by banks to the private sector (% of GDP), Industry (including construction) with value added (annual % growth), High-tech exports (% of manufactured exports), and GDP. The task of the study is to determine the role of employers in the development of high-tech exports and industries. High technology export is the sale of technological products and services to other countries. This is usually associated with innovative technology products. These products include more automated information technology, production technology, biotechnology, etc. High technology export represents a very important situation for the employer parties. Because these products can be sold at a higher price in the world market and earn more profit. The statistical annual data used in the study are taken from the database of the World Bank and the State Statistics Committee of Azerbaijan. Technological exports and employers developed in Azerbaijan between 2007-2023 and other macroeconomic indicators were analyzed using the Granger causality analysis method. As a result of the analysis, it is concluded that employers are related to high-tech export technologies and industry.