Page 39 - Azerbaijan State University of Economics
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THE JOURNAL OF ECONOMIC SCIENCES: THEORY AND PRACTICE, V.80, # 2, 2023, pp. 28-46
The results show that the effect created by the creation of 1 million demand for the
production of the mining sector is 2.05 million manats. This is much larger than the
figure obtained from the input-output model. As it can be seen, a little more than half
of the additional demand resulting from this effect - 1,097 million manats, is for the
goods and services of the mining sector itself, and the rest is for the output of other
sectors of the country's economy.
Table 4. Multiplier effect of 1 million manat inverstment in Production of food,
drinks and tobacco
Change in total
Change of output demand based on
based on IO SAM, thousand
Sectors model, manat manat
Agriculture, forestry and fishing 176,38 165,94
Mining industry 62,35 38,74
Production of food, drinks and tobacco 1211,05 1170,87
Production of non-metallic products and base
metals 139,76 123,76
Production of machinery, equipment, furniture 60,55 51,79
electricity, gas, steam 78,48 60,56
Water supply 6,34 4,91
Waste management 2,52 2,10
Construction 28,85 56,39
Trade and repair of transport uses 261,05 224,83
Transport and warehousing 74,85 85,60
Accommodation and catering for tourists 4,59 18,31
Information and communication 13,96 17,32
Financial intermediation, insurance and pension
services 67,39 48,37
Real estate services 34,59 33,77
Research and development 3,75 1,83
Professional and technical activities 44,27 31,58
Administrative and ancillary services 11,28 9,30
public administration and defense 0,53 0,43
Education 0,10 7,14
Healtcare 0,24 3,08
social services 0,30 6,44
Services of library, archive, museum and other
cultural institutions 0,00 0,40
Rest, entertaiment, art services 0,39 4,46
Other services 2,28 10,65
Total 2285,85 2178,56
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