Assessment of the interactions of Agriculture with other sectors in Azerbaijan
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Turaj Musayev Mehraj |
| Agricultural Economics Research Center, leading specialist | |
| turac.musayev@yahoo.com |
In this study, the input-output table was used in order to analyze the interaction of Agriculture with other sectors. Input-output tables show the economic interactions of the sectors in an economy with each other in the supply-demand relationship. The latest available 2016 Input-output table for Azerbaijan was used in this study. Based on this table, an input-output model was developed. Using the Input-Output model, it is estimated the amount of output created by a single investment in Agriculture impacting to Agriculture sector, along with the related sectors, including the total output was calculated. The obtained result shows that one unit increase in the final demand in Agriculture increases the output of all sectors by 1.794 units. The high backward linkage of the Agricultural sector indicates that it will demand inputs from other sectors for production and will stimulate the economy and increase revitalization. The study determined that agriculture is an important sector of the economy of Azerbaijan.
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Nijat. Muradov
Ph.D. student of the Institute of Economics, Ministry of Science and Education of the Republic of Azerbaijan
Firdovsi. Fikratzade
Doctoral student at the Institute for Scientific Research on Economic Reforms
Doctor of Philosophy in Economics
Rena. Musayeva
Department of “Economic Regulation” of Azerbaijan State University of Economics (UNEC)
Huseynaga. Asadov
Ministry of Science and Education of the Republic of Azerbaijan, Institute of Dendrology
Ph.D., ass, pr
Fuad. Ibrahimov
Economic issues expert of the Center for Socio-Economic and Ecological Research Public Union
Doctor of Philosophy in Economics