Volume : 4, Issue : 4, April - 2015

THE IMPACT ASSESSMENT OF INVESTMENT ON ECONOMIC GROWTH IN COMPETITIVE CONDITIONS IN THE REPUBLIC OF AZERBAIJAN

Adalat Jalal Muradov, Nazim Ozbey Hajiyev

Abstract :

<p>&nbsp;The Keynes type of consumption function parameters have been econometrically estimated on the basis of statistical&nbsp;</p> <div>information of the Azerbaijan economy, in other words, the multiplier has been determined which shows the impact of&nbsp;</div> <div>investment growth to GDP in this article. It was also determined that the decrease in last limit consumption tendency&nbsp;</div> <div>leads to decline in the price of multiplier. Further analyzes were carried out in determining the price of accelerator. The result showed that,&nbsp;</div> <div>although consumption tendency decreased (multiplicative reduction effect), the price of accelerator increased. On the basis of mutual influence&nbsp;</div> <div>model of multiplier and accelerator, it was determined that current prices of multiplier and accelerator, could lead to hesitant growth of GDP. In&nbsp;</div> <div>final part of the article necessary directions and required prices of multiplier and accelerator are shown in order to be able to achieve the balanced&nbsp;</div> <div>growth of the GDP.&nbsp;</div>