Akademik Məlumat İdarəetmə Sistemi
International Journal of Sustainable Development and Planning, vol.20, no.9, pp.4025-4032, 2025 (Scopus)
The assessment of investment efficiency, as a vital determinant of sectoral economic growth, constitutes a fundamental basis for formulating long-term development strategies for the mining sector. The purpose of this exploratory study is to measure the efficiency of investments in fixed capital in the mining industry, which occupies an important place in the structure of Azerbaijan’s exports, using a more progressive method. Cross-correlation and the lagged investment efficiency index proposed by the author were used as methods. As a result, it was determined that investments in fixed capital within Azerbaijan’s mining industry begin to reflect in industry output after a six-year period. The lagged investment efficiency index was calculated on the basis of this information and was divided into three divisions. Investment efficiency was assessed differently in the divisions. Although inefficiency was observed in division 1, efficiency was seen in divisions 2 and 3. Since the lag-based investment efficiency index is a macroeconomic proportional analysis methodology, it can be concluded that the balance between the investment-output proportion in the Azerbaijani mining industry has been maintained.