Page 64 - Azerbaijan State University of Economics

THE JOURNAL OF ECONOMIC SCIENCES: THEORY AND PRACTICE, V.80, # 1, 2023, pp. 54-66

CONCLUSIONS AND RECOMMENDATIONS
Transportation infrastructure can have a significant impact on economic growth in
Azerbaijan. A well-developed transportation infrastructure can facilitate the
movement of goods, people, and ideas, which can improve productivity, create jobs,
and stimulate economic growth. Here are some potential effects of transportation
infrastructure on economic growth in Azerbaijan:

1.Improved Connectivity: A well-developed transportation infrastructure can improve
connectivity between different regions and cities in Azerbaijan. This can facilitate the
movement of goods, people, and ideas, which can lead to increased economic activity
and productivity. For example, improved connectivity can make it easier for
businesses to access raw materials and markets, while also making it easier for
workers to commute to their jobs.

2. Increased Trade: Transportation infrastructure can also improve trade between
Azerbaijan and other countries. This can facilitate the movement of goods and
services across borders, which can create new markets and opportunities for
businesses. For example, the construction of the Baku-Tbilisi-Ceyhan pipeline and
the Baku-Tbilisi-Kars railway has improved Azerbaijan's ability to export oil and gas
to international markets.

3. Job Creation: The construction and maintenance of transportation infrastructure can
create jobs in Azerbaijan. This can include jobs in construction, engineering, and
maintenance, as well as jobs in related industries such as logistics and transportation.
These jobs can help to stimulate economic growth by providing employment
opportunities for workers and increasing consumer spending.

4. Improved Tourism: Transportation infrastructure can also improve tourism in
Azerbaijan. This can include the construction of airports, highways, and other
transportation facilities that make it easier for tourists to travel to and within the
country. Increased tourism can stimulate economic growth by creating jobs in the
hospitality and service industries and by generating revenue from tourism-related
activities.

Overall, transportation infrastructure can have a significant impact on economic
growth in Azerbaijan. By facilitating the movement of goods, people, and ideas,
transportation infrastructure can improve productivity, create jobs, and stimulate
economic growth.

64