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General Equilibrium Model to be prepared on the basis of Azerbaijanâ€™s socio-economic performances

10 October 2011 14:09 (UTC +04:00)

Baku. Nijat Mustafayev â€“ APA-Economics. A scientific-practical conference on â€œAzerbaijanâ€™s economy in the years of independenceâ€ was held by Azerbaijani Ministry of Economic Development and National Sciences Academy of Azerbaijan.

According to Ministry, Ministry of Economic Development Institute for Scientific Research on Economic Reform (ISRER), NASA Institute of Economy, Training Center on Labour and Social Issues of Ministry of Labour and Social Protection of Population, Baku State University, National Aviation Academy, Azerbaijan State Economic University, Caucasus University, Tourism University and other scientific institutions attended the event.

Vilayet Veliyev, the director of Institute of Scientific Research for Economic Reforms of the Ministry of Economic Development spoke about the wide-scale works on the development stages of Azerbaijanâ€™s economy, main priorities of each period and increase of economic potential.

Adalat Muradov, Head of Macro-Economical Analysis and Forecasts Department, Ministry of Economic Development informed about the macro-economic stability, accepted program on durable and quick economic growth, strategy and conceptions.

Besides, the Institute of Scientific Research for Economic Reforms and EcoMod Company have signed a contract on preparation of General Equilibrium Model of analytical prognosis of socio-economic performances of Azerbaijan.