Management of Innovation in Azerbaijan: Relationships with Competitiveness and Sustainable Development

The COVID-19 pandemic, negatively affecting the achievement of most Sustainable Development Goals, is leading to a significant crisis, especially in less developed economies, and poses serious challenges governments around world. Negative annual GDP growth per capita Azerbaijan 2020 amounted -4.95% (below world average 0.56%), necessitating resumption short-term economic achieving long-term competitiveness, sustainable development, inclusive economy. Azerbaijan's positions these areas, namely 58th place out 141 countries global competitiveness ranking (63rd for innovation potential 73rd ICT implementation), 55th 165 Index, 80th 131 according Global Innovation Index testify important role management Azerbaijan. article's main purpose study relationship between development country. To empirically confirm hypotheses, sample 9 (Azerbaijan, Georgia, Armenia, Germany, France, Finland, Estonia, Poland, Czech Republic) was formed. Several indicators were analysed based on data from statistical department United Nations Department Economic Social Affairs, World Bank, Forum, Intellectual Property Organization 2010 2020. Statistical analysis innovative studied countries. With help correlation-regression Granger test (using STATA software package), mutual directions influence country, other established. A regression model with random effects built. impact parameters as key component country's its formalized assessed. obtained results could be useful developing measures increase achieve goals further research.