Page 38 - Azerbaijan State University of Economics

THE JOURNAL OF ECONOMIC SCIENCES: THEORY AND PRACTICE, V.72, # 2, 2015, pp. 32-42

Table 3. Parameters
Elasticity for CET (st) 0.600000
Elasticity for CES/Q (sq) 0.600000
Scale for CET (at) 2.029108
Share for CET (bt) 0.391679
Rho for CET (rt) 2.666667
Scale for CES/Q (aq) 1.905786
Share for CES/Q (bq) 0.304895
Rho for CES/Q (rq) 0.666667

Table 4. Exogenous variables
Exogenous variable Base year Current
World Price of Imports (wm) 0.9835083 0.98351
World Price of Exports (we) 1.0000269 1.00003
Import Tariffs (tm ) 0.0167683 0.01677
Export Duties (te) 0.0000269 0.00003
Indirect Taxes (ts) 0.0548408 0.05484
Direct Taxes (ty) 0.0893227 0.08932
Savings rate (sy) 0.4790908 0.47909
Government Consumption (G) 0.1084236 0.10842
Govt. Transfers (tr) -0.0108309 -0.01083
Foreign Grants (ft) 0.0109568 0.01096
Net Priv Remittances (re) -0.0175272 -0.01753
Foreign Saving (B) -0.2985652 -0.29857
Output (X) 1.0000000 1.00000
Source: The State Statistics Committee of Azerbaijan and Author‟s calculations, 2015

Table 5. Endogenous variables
Endogenous Variables Base Year Current Cur/Base
Export Good (E) 0.56566 0.17953 0.31739
Import Good (M) 0.26491 0.27225 1.02772
Supply of Domestic Good (Ds) 0.43434 0.82047 1.88899
Demand of Domestic Good (Dd) 0.43434 0.82047 1.88899
Supply of Composite Good (Qs) 0.69925 1.09272 1.56270
Demand of Composite Good (Qd) 0.69925 1.09272 1.56270
Tax Revenue (TAX) 0.12952 0.15101 1.16593
Total Income (Y) 0.97164 1.07912 1.11062
Aggregate Savings (S) 0.20388 0.22564 1.10673
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