Page 39 - Azerbaijan State University of Economics

V.Bayramov: Economic diversification policy in context of Azerbaijan's accession
to the WTO

Consumption (Cn) 0.39755 0.76869 1.93359
Import Price (Pm) 1.00000 0.99900 0.99900
Export Price (Pe) 1.00000 0.99900 0.99900
Sales Price (Pt) 1.05484 1.02912 0.97562
Price of Supply (Pq) 1.00000 0.99900 0.99900
Price of Output (Px) 1.00000 0.99900 0.99900
Price of Dom. Good (Pd) 1.00000 0.99900 0.99900
Exchange Rate (Er) 1.00000 0.99900 0.99900
Investment (Z) 0.37599 0.21925 0.58315
Government Savings (Sg) 0.03694 0.03811 1.03174
Walras Law (Z-S) 0.19273 0.00000
Source: The State Statistics Committee of Azerbaijan and Author‟s calculations, 2015
Table 6. CGE Equations

Eq.# Equations Value
Real Flows
1 CET Transformation (CETEQ) 1,38749
2 Supply of Goods (ARMG) 1,01801
3 Domestic Demand (DEM) 1,09637
4 E/D Ratio (EDRAT) 1,30233
5 M/D Ratio (MDRAT) 0,60990
Nominal Flows
6 Revenue Equation (TAXEQ) 0,16075
7 Total Income Equation (INC) 0,97067
8 Savings Equation (SAV) 0,25684
9 Consumption Function (CONS) 0,45256
Prices
10 Import Price Equation (PMEQ) 0,99900
11 Export Price Equation (PEEQ) 0,99900
12 Sales Price Equation (PTEQ) 1,05379
13 Output Price Equation (PXEQ) 0,99900
14 Supply Price Equation (PQEQ) 0,99900
15 Numeraire (REQ) 1,00000
Equilibrium Conditions

16 Domestic Good Market (DEQ) 0,00000
17 Composite Good Market (QEQ) 0,00000
18 Current Account Balance (CABAL) 0,09479
19 Government Budget (GBUD) 0,06120

Source: The State Statistics Committee of Azerbaijan and Author‟s calculations, 2015
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