Publication:
Fostering Entrepreneurship in Azerbaijan

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dc.contributor.authorKuriakose, Smita
dc.contributor.editorKuriakose, Smita
dc.date.accessioned2013-09-18T19:10:31Z
dc.date.available2013-09-18T19:10:31Z
dc.date.issued2013-09-04
dc.description.abstractA dynamic and vibrant private sector is crucial to economic growth, with firms making new investments, creating jobs, improving productivity, and promoting growth. Entrepreneurial activity is pivotal to the continued dynamism of the private sector, as the generation of new businesses fosters competition and economic growth. This is particularly relevant for Azerbaijan, whose government faces a central challenge to create conditions that will facilitate growth in nonoil tradable sectors. The core objectives of Azerbaijan's development strategy are to diversify the economy away from the oil sector and sustain high employment and growth. Encouraging high-growth entrepreneurship can help Azerbaijan achieve these goals as it moves toward new opportunities in value added and tradable sectors. This study shows that high-growth entrepreneurialism is low in Azerbaijan and that innovative activity among firms is very low. Several factors hinder business growth and entrepreneurship: lack of competition, especially among smaller firms; financial systems that are not conducive to business development. Companies cite high interest rates and risk-averse lending policies as substantial hindrances to expansion. In addition, risk capital is in short supply; and lack of industry-relevant skills. The government could play an important role by removing bottlenecks that impede entrepreneurialism in the general business environment as well as by designing new financial policy instruments that foster entrepreneurship and innovation. In doing so, the government needs to exercise care that the design and management of these instruments prevent capture or corruption and promote efficiency. Lack of competition is an issue in Azerbaijan, particularly for Small and Medium Enterprises (SMEs), which face uneven treatment within the enterprise sector.en
dc.identifierhttp://documents.worldbank.org/curated/en/2013/09/18257647/fostering-entrepreneurship-azerbaijan
dc.identifier.doi10.1596/978-1-4648-0067-2
dc.identifier.isbn978-1-4648-0067-2
dc.identifier.other10.1596/978-1-4648-0067-2
dc.identifier.urihttps://hdl.handle.net/10986/15781
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC: World Bank
dc.relation.ispartofseriesDirection in Development--Private Sector Development;
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectACCESS TO FINANCE
dc.subjectACCESS TO INFORMATION
dc.subjectACCOUNTING
dc.subjectADOPTION OF TECHNOLOGIES
dc.subjectADVERTISING
dc.subjectAUTOMOBILE
dc.subjectBANKING SECTOR
dc.subjectBANKRUPTCY
dc.subjectBANKRUPTCY LAWS
dc.subjectBANKRUPTCY LEGISLATION
dc.subjectBANKS
dc.subjectBORROWER
dc.subjectBRANCHES
dc.subjectBUSINESS DEVELOPMENT
dc.subjectBUSINESS DEVELOPMENT SERVICES
dc.subjectBUSINESS ENTERPRISE
dc.subjectBUSINESS ENTRY
dc.subjectBUSINESS ENVIRONMENT
dc.subjectBUSINESS MANAGERS
dc.subjectBUSINESS MODEL
dc.subjectBUSINESS MODELS
dc.subjectBUSINESS OPPORTUNITIES
dc.subjectBUSINESS OWNERS
dc.subjectBUSINESS OWNERSHIP
dc.subjectBUSINESS PARTNERS
dc.subjectBUSINESS REGISTRATION
dc.subjectBUSINESS RELATIONS
dc.subjectBUSINESSES
dc.subjectBUYER
dc.subjectBUYERS
dc.subjectCAPABILITIES
dc.subjectCAPABILITY
dc.subjectCAPITAL GOODS
dc.subjectCAPITAL INVESTMENTS
dc.subjectCASH FLOW
dc.subjectCC
dc.subjectCHEMICAL INDUSTRY
dc.subjectCOMMODITIES
dc.subjectCOMMODITY
dc.subjectCOMPANY
dc.subjectCOMPETITION LAW
dc.subjectCOMPETITIVE ADVANTAGE
dc.subjectCOMPETITIVE ADVANTAGES
dc.subjectCOMPETITIVENESS
dc.subjectCOMPETITORS
dc.subjectCONCEPTUAL FRAMEWORK
dc.subjectCOPYRIGHT
dc.subjectCORPORATION
dc.subjectCORRUPTION
dc.subjectCUSTOMER BASE
dc.subjectCUSTOMS
dc.subjectDATA COVERAGE
dc.subjectDIVERSIFICATION
dc.subjectDOMAINS
dc.subjectE-MAIL
dc.subjectE-SERVICES
dc.subjectECONOMIC ACTIVITY
dc.subjectECONOMIC ANALYSIS
dc.subjectECONOMIC CONDITIONS
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC INCENTIVES
dc.subjectECONOMICS
dc.subjectEDUCATION LEVEL
dc.subjectEDUCATION LEVELS
dc.subjectEMERGING MARKETS
dc.subjectEMPIRICAL ANALYSIS
dc.subjectEMPIRICAL EVIDENCE
dc.subjectEMPLOYMENT GROWTH
dc.subjectENABLING ENVIRONMENT
dc.subjectENTERPRISE RESOURCE PLANNING
dc.subjectENTERPRISE SECTOR
dc.subjectENTERPRISE SURVEY
dc.subjectENTERPRISE SURVEYS
dc.subjectENTREPRENEUR
dc.subjectENTREPRENEURIAL ACTIVITY
dc.subjectENTREPRENEURIALISM
dc.subjectENTREPRENEURS
dc.subjectENTREPRENEURSHIP
dc.subjectENTREPRENEURSHIP DEVELOPMENT
dc.subjectENVIRONMENTAL
dc.subjectENVIRONMENTAL PROBLEMS
dc.subjectENVIRONMENTAL REGULATIONS
dc.subjectEQUIPMENT
dc.subjectEQUITY INVESTMENTS
dc.subjectEXPANSION
dc.subjectEXPENDITURES
dc.subjectEXPORT MARKETS
dc.subjectFINANCIAL INSTRUMENTS
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL SYSTEM
dc.subjectFINANCIAL SYSTEMS
dc.subjectFIRM SIZE
dc.subjectFIRM SIZES
dc.subjectFIRMS
dc.subjectFISHING
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectFORESTRY
dc.subjectFRONT OFFICE
dc.subjectGENDER
dc.subjectGLOBAL MARKET
dc.subjectGLOBAL MARKETS
dc.subjectGLOBAL STANDARDS
dc.subjectGLOBALIZATION
dc.subjectGOVERNMENT POLICIES
dc.subjectHIGH INTEREST RATES
dc.subjectHUMAN CAPITAL
dc.subjectHUMAN RESOURCE
dc.subjectHUMAN RESOURCE MANAGEMENT
dc.subjectIMAGE
dc.subjectINDIVIDUAL ENTREPRENEURSHIP
dc.subjectINDUSTRIAL PRODUCTION
dc.subjectINFORMATION GAPS
dc.subjectINFORMATION TECHNOLOGY
dc.subjectINITIAL INVESTMENT
dc.subjectINNOVATION
dc.subjectINNOVATIONS
dc.subjectINSPECTION
dc.subjectINSPECTIONS
dc.subjectINTEREST RATES
dc.subjectINTERNATIONAL BANK
dc.subjectINTERNATIONAL BEST PRACTICE
dc.subjectINTERNATIONAL BEST PRACTICES
dc.subjectINTERNATIONAL FINANCE
dc.subjectINTERNATIONAL MARKET
dc.subjectINTERNATIONAL MARKETS
dc.subjectINTERNATIONAL STANDARDS
dc.subjectINTERNATIONAL TRADE
dc.subjectJOB CREATION
dc.subjectKNOWLEDGE MANAGEMENT
dc.subjectLABOR FORCE
dc.subjectLABOR PRODUCTIVITY
dc.subjectLAWS
dc.subjectLEGAL ASSISTANCE
dc.subjectLEGAL FRAMEWORK
dc.subjectLEGISLATION
dc.subjectLEVEL PLAYING FIELD
dc.subjectLICENSE
dc.subjectLICENSES
dc.subjectLICENSING
dc.subjectLOAN
dc.subjectLOCAL ENTREPRENEURS
dc.subjectLOCAL INDUSTRY
dc.subjectMANAGEMENT SYSTEMS
dc.subjectMANUFACTURING
dc.subjectMARKET DEMAND
dc.subjectMARKET RESEARCH
dc.subjectMARKET SEGMENT
dc.subjectMARKET VALUE
dc.subjectMARKETING
dc.subjectMATCHING GRANTS
dc.subjectMEDIUM ENTERPRISE
dc.subjectMEDIUM ENTERPRISES
dc.subjectMETALS
dc.subjectMULTINATIONAL
dc.subjectNATURAL RESOURCE
dc.subjectNATURAL RESOURCES
dc.subjectNETWORKS
dc.subjectNEW BUSINESS
dc.subjectNEW BUSINESSES
dc.subjectNEW ENTRANTS
dc.subjectNEW MARKET
dc.subjectNEW MARKETS
dc.subjectNEW TECHNOLOGIES
dc.subjectNICHE MARKET
dc.subjectOIL
dc.subjectOIL SECTOR
dc.subjectONE-STOP SHOP
dc.subjectOUTDATED TECHNOLOGY
dc.subjectPATENTS
dc.subjectPERFORMANCES
dc.subjectPERSONAL SAVINGS
dc.subjectPHOTOS
dc.subjectPOLICY INSTRUMENTS
dc.subjectPOLICY MAKERS
dc.subjectPRIVATE SECTOR
dc.subjectPRIVATE SECTOR DEVELOPMENT
dc.subjectPRIVATE SECTOR FIRMS
dc.subjectPROCUREMENT
dc.subjectPRODUCT INNOVATION
dc.subjectPRODUCTION TECHNOLOGY
dc.subjectPRODUCTIVITY GROWTH
dc.subjectPROPERTY RIGHTS
dc.subjectPUBLIC POLICY
dc.subjectPUBLIC SERVICES
dc.subjectQUALITY STANDARDS
dc.subjectQUERIES
dc.subjectR&D
dc.subjectREGISTRIES
dc.subjectREGISTRY
dc.subjectREGULATORY ENVIRONMENT
dc.subjectREGULATORY FRAMEWORK
dc.subjectREGULATORY REQUIREMENTS
dc.subjectRESOURCE MANAGEMENT
dc.subjectRESULT
dc.subjectRESULTS
dc.subjectRETAIL TRADE
dc.subjectRETAINED EARNINGS
dc.subjectRISK TAKING
dc.subjectSALES GROWTH
dc.subjectSCIENTIFIC RESEARCH
dc.subjectSECURITIES
dc.subjectSEES
dc.subjectSHOP
dc.subjectSITES
dc.subjectSMALL BUSINESS
dc.subjectSMALL FIRMS
dc.subjectSME
dc.subjectSME SECTOR
dc.subjectSTART-UP
dc.subjectSTORE
dc.subjectSUPPLIER
dc.subjectSUPPLIERS
dc.subjectSUPPLY CHAIN
dc.subjectTAX RATES
dc.subjectTAXATION
dc.subjectTECHNOLOGICAL CHANGE
dc.subjectTECHNOLOGICAL PROGRESS
dc.subjectTECHNOLOGY DIFFUSION
dc.subjectTECHNOLOGY SPECIALISTS
dc.subjectTECHNOLOGY TRANSFER
dc.subjectTELEPHONE
dc.subjectTIME PERIODS
dc.subjectTRADE FLOWS
dc.subjectTRADE STRUCTURE
dc.subjectTRANSITION ECONOMIES
dc.subjectTRANSLATION
dc.subjectTRANSPORT
dc.subjectUNEMPLOYMENT
dc.subjectUNEMPLOYMENT RATES
dc.subjectUNFAIR COMPETITION
dc.subjectUSERS
dc.subjectUSES
dc.subjectVENTURE CAPITAL
dc.titleFostering Entrepreneurship in Azerbaijanen
dspace.entity.typePublication
okr.date.disclosure2013-09-16
okr.doctypePublications & Research::Publication
okr.doctypePublications & Research::Publication
okr.docurlhttp://documents.worldbank.org/curated/en/2013/09/18257647/fostering-entrepreneurship-azerbaijan
okr.globalpracticeEnvironment and Natural Resources
okr.globalpracticeFinance and Markets
okr.globalpracticeTransport and ICT
okr.globalpracticeTrade and Competitiveness
okr.guid863421468221975050
okr.identifier.doi10.1596/978-1-4648-0067-2
okr.identifier.externaldocumentum000356161_20130916163007
okr.identifier.internaldocumentum18257647
okr.identifier.report81048
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2013/09/16/000356161_20130916163007/Rendered/PDF/810480PUB0Fost0Box379819B000PUBLIC0.pdfen
okr.region.administrativeEurope and Central Asia
okr.region.countryAzerbaijan
okr.topicFinance and Financial Sector Development::Microfinance
okr.topicFinance and Financial Sector Development::Access to Finance
okr.topicPrivate Sector Development::E-Business
okr.topicBanks and Banking Reform
okr.topicEnvironmental Economics and Policies
okr.topicEnvironment
okr.unitEducation - East/Southern (AFTEE)
okr.volume1 of 1
relation.isSeriesOfPublication706db16a-e556-46f0-8283-1b4a4b88645c
relation.isSeriesOfPublication.latestForDiscovery706db16a-e556-46f0-8283-1b4a4b88645c
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