Pace of economic growth exceeds 21 percent thanks to knowledge in Azerbaijan
Azerbaijan, Baku, June 10 / Trend H.Valiyev /
The Azerbaijani Copyright Agency conducted a study on the human factors' influence on the technological achievements and scientific and technological progress, Agency Chairman Kamran Imanov told Trend today.
The agency used an economic-mathematical model of the "Solo" in the studies, the main difference of which lies in the fact that the author points technological progress as a driver of economic growth in addition to factors such as production, labor and capital. The model describes the influence of these three factors on economic growth.
Imanov said if the growth rate of the country's economy were assured by the knowledge at 7.3 percent in 2003, today the figure is 21 percent.
"Azerbaijan has enough moderate economic growth, in which, above all, as the recent research show issues related to intellectual property protection and enforcement of copyright play a tremendous role. In this regard, we have not only modern legislation, but we also take proactively measures in this area. The most important is the fact that intellectual property plays a fundamental role in creating a knowledge economy," Imanov said.
Imanov believes the orientation of Azerbaijan's growing economy on the economy of knowledge occurs in all spheres.
Based on agency's study, the contribution of the industry, based on Azerbaijan's copyright, comprises 2.4 percent of GDP.
The World Intellectual Property Organization (WIPO) gave great support to the work being carried out in this field in Azerbaijan. As earlier reported, the WIPO will assist Azerbaijan in the preparation of a national strategy on intellectual property. The preparation of a national strategy on intellectual property was agreed by chairman of the State Committee for Standardization, Metrology and Patents Ramiz Hasanov with WIPO Director General Francis Gurry during the visit of the Azerbaijani delegation to Switzerland in September 2009.
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