Assessing State Support for MSMEs in Azerbaijan: Evidence from Concessional Lending (2020-2024)

dc.contributor.authorMammadova, S.M.
dc.contributor.authorMusayev, Y.E
dc.contributor.authorHuseynov, P.F.
dc.contributor.authorTaghiyev, A.A.
dc.contributor.authorHuseynzade, A.N.
dc.date.accessioned2026-10-19T13:28:24Z
dc.date.issued2026
dc.departmentFSM Vakıf Üniversitesi, İktisadi ve İdari Bilimler Fakültesi, İşletme (İngilizce) Bölümü
dc.description.abstractThis study assesses state support for MSMEs in Azerbaijan by examining concessional lending and its relationship with selected macroeconomic indicators during 2020–2024. The analysis is limited to five observations because pre-2020 MSME indicators were compiled under a different methodology, while 2024 is the latest year with comparable official data. Using descriptive analysis, indexed trends, and Pearson correlations of logarithmically transformed variables, the study identifies strong positive co-movement between concessional lending and MSME value added (r = 0.9278). Concessional lending more than doubled and MSME value added rose by 93%, whereas fixed-capital investment peaked in 2022 and fell below its 2020 level by 2024. The MSME share of GDP declined to 12.8% in 2022 before recovering to 16.8% in 2024. Sectoral structure remained stable in 2023–2024. Given the limited observations, the correlations are interpreted descriptively rather than causally, highlighting the importance of investment dynamics and sectoral structure in assessing state support.
dc.identifier.citationMAMMADOVA, S.M., P.F. MUSAYEV, P.F. HUSEYNOV, A.A. TAGHIYEV, A.N. HUSEYNZADE. "Assessing State Support for MSMEs in Azerbaijan: Evidence from Concessional Lending (2020-2024)". Natural Resources for Human Health, 6.7s (2026): 1-14.
dc.identifier.doi10.53365/nrfhh.1259
dc.identifier.endpage14
dc.identifier.issue7s
dc.identifier.orcidhttps://orcid.org/0000-0002-7565-6093
dc.identifier.orcidhttps://orcid.org/0009-0006-7806-8891
dc.identifier.orcidhttps://orcid.org/0009-0000-8541-4736
dc.identifier.orcidhttps://orcid.org/0000-0002-6912-5069
dc.identifier.orcidhttps://orcid.org/0009-0009-2446-5885
dc.identifier.scopus2-s2.0-105049627037
dc.identifier.scopusqualityQ2
dc.identifier.startpage1
dc.identifier.urihttps://www.nrfhh.com/index.php/journal/article/view/1259
dc.identifier.urihttps://hdl.handle.net/11352/6339
dc.identifier.volume6
dc.indekslendigikaynakScopus
dc.language.isoen
dc.publisherVisagaa Publishing House
dc.relation.ispartofNatural Resources for Human Health
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/openAccess
dc.subjectAzerbaijan
dc.subjectMSMEs
dc.subjectGovernment Support
dc.subjectLoans
dc.subjectFixed-Capital Investment
dc.titleAssessing State Support for MSMEs in Azerbaijan: Evidence from Concessional Lending (2020-2024)
dc.typeArticle

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