Public Investment, Foreign Capital Attraction, and Green Transition in Azerbaijan: Empirical Evidence and Policy Directions

Abstract

This paper investigates the empirical dimensions of Azerbaijan's state investment policy, focusing on three interconnected areas: the dynamics and structure of public investment flows, the country's performance in attracting foreign direct investment, and the emerging agenda of green and innovation-oriented investment. Drawing on data from national statistical sources, international organisations, and sectoral reports, the paper traces the evolution of Azerbaijan's investment landscape over recent years and evaluates the degree to which current policy trajectories align with the requirements of sustainable, diversified economic development.