Analysis of Price Changes in Socially Important Food Products: Example of Azerbaijan

The aim of the research is to keep the price formation process of socially important food products under control and facilitate timely disclosure of tendencies that are contrary to market relations. In this paper, some 19 socially important food products have been selected and tried to identify the...

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Main Authors: Vilayat Valiyev, Malik Mekhdiyev, Arzu Suleymanov, Shaig Ganbarli
Format: Article
Language:English
Published: Czech Statistical Office 2020-06-01
Series:Statistika: Statistics and Economy Journal
Subjects:
Online Access:https://www.czso.cz/documents/10180/125507863/320197_20_169_Valyiev.pdf/c4761863-0f4e-4ddc-bf36-aaf241a6fbd1?version=1.0
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author Vilayat Valiyev
Malik Mekhdiyev
Arzu Suleymanov
Shaig Ganbarli
author_facet Vilayat Valiyev
Malik Mekhdiyev
Arzu Suleymanov
Shaig Ganbarli
author_sort Vilayat Valiyev
collection DOAJ
description The aim of the research is to keep the price formation process of socially important food products under control and facilitate timely disclosure of tendencies that are contrary to market relations. In this paper, some 19 socially important food products have been selected and tried to identify the share/ contribution of the factors affecting their price changes in the example of Azerbaijan economy. Econometric estimation methods are used in the paper. Database of the analysis is based on the official figures of the State Statistical Committee (SSC) of the Republic of Azerbaijan, covering the period from January 2016 to December 2017. As a result, the methods for determining the contribution of factors in price fluctuations of socially important food products are presented, and the empirical results are interpreted as an example of the Azerbaijani economy.
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spelling doaj.art-c4b507e0850c4a10a042df23dcef8d112022-12-21T21:04:35ZengCzech Statistical OfficeStatistika: Statistics and Economy Journal0322-788X1804-87652020-06-011002169192Analysis of Price Changes in Socially Important Food Products: Example of AzerbaijanVilayat Valiyev0Malik Mekhdiyev1Arzu Suleymanov2Shaig Ganbarli3Azerbaijan Technical University, Baku, AzerbaijanInstitute for Scientific Research on Economic Reforms, Baku, AzerbaijanInstitute for Scientific Research on Economic Reforms, Baku, AzerbaijanInstitute for Scientific Research on Economic Reforms, Baku, AzerbaijanThe aim of the research is to keep the price formation process of socially important food products under control and facilitate timely disclosure of tendencies that are contrary to market relations. In this paper, some 19 socially important food products have been selected and tried to identify the share/ contribution of the factors affecting their price changes in the example of Azerbaijan economy. Econometric estimation methods are used in the paper. Database of the analysis is based on the official figures of the State Statistical Committee (SSC) of the Republic of Azerbaijan, covering the period from January 2016 to December 2017. As a result, the methods for determining the contribution of factors in price fluctuations of socially important food products are presented, and the empirical results are interpreted as an example of the Azerbaijani economy.https://www.czso.cz/documents/10180/125507863/320197_20_169_Valyiev.pdf/c4761863-0f4e-4ddc-bf36-aaf241a6fbd1?version=1.0regression analysisprice volatilitysocial foodsfood pricesfood prices determinants
spellingShingle Vilayat Valiyev
Malik Mekhdiyev
Arzu Suleymanov
Shaig Ganbarli
Analysis of Price Changes in Socially Important Food Products: Example of Azerbaijan
Statistika: Statistics and Economy Journal
regression analysis
price volatility
social foods
food prices
food prices determinants
title Analysis of Price Changes in Socially Important Food Products: Example of Azerbaijan
title_full Analysis of Price Changes in Socially Important Food Products: Example of Azerbaijan
title_fullStr Analysis of Price Changes in Socially Important Food Products: Example of Azerbaijan
title_full_unstemmed Analysis of Price Changes in Socially Important Food Products: Example of Azerbaijan
title_short Analysis of Price Changes in Socially Important Food Products: Example of Azerbaijan
title_sort analysis of price changes in socially important food products example of azerbaijan
topic regression analysis
price volatility
social foods
food prices
food prices determinants
url https://www.czso.cz/documents/10180/125507863/320197_20_169_Valyiev.pdf/c4761863-0f4e-4ddc-bf36-aaf241a6fbd1?version=1.0
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AT arzusuleymanov analysisofpricechangesinsociallyimportantfoodproductsexampleofazerbaijan
AT shaigganbarli analysisofpricechangesinsociallyimportantfoodproductsexampleofazerbaijan