https://doi.org/10.36719/2789-6919/40/29-36
Dagbeyi Allahverdiyev
NASA, Institute of Economics
PhD in Economics
https://orcid.org/0000-0003-2679-2024
Nigar Allahverdiyeva
Baku State University
nigarallahverdiyeva556@gmail.com
https://orcid.org/0000-0003-0977-3854
Pərvin Ağayeva
Azerbaijan University of Architecture and Construction
Master student
agayevapervin0@gmail.com
https://orcid.org/0009-0007-9022-7207
Conditions For Increasing Economic Efficiency
Abstract
The study analyzes the mathematical structure of the global economy under current conditions. The mathematical representation of the growth rates of a stable economic wave and an optimal solution method is examined within the context of socio-political welfare. Macroeconomic indicators and income equality, which determine the political-economic efficiency and progress of a country under current conditions, are evaluated. The mathematical representation of ensuring economic equilibrium is studied through the growth rates of the gross domestic product. Furthermore, the complex interconnections of the global economic system, the influence of regional economies, and their mutual interactions are explored. Key factors contributing to the strengthening of economic and trade relations between countries are investigated, emphasizing the importance of equitable income distribution. The study also identifies strategic criteria to be considered in economic decision-making and the main factors supporting sustainable economic development. Refinement of macroeconomic indicators and an in-depth analysis of the structural characteristics of economic waves aim at optimizing economic management processes. In this context, recommendations are proposed for implementing effective mathematical models to ensure sustainable development in the current economic environment.
Keywords: Economic expansion, cyclical economic surge, economic advancement, societal welfare, quantitative economic analysis