INTERACTION OF PRODUCTION COST, PRICE AND LABOUR FACTORS IN INCREASE OF COMPETITIVENESS IN AGRARIAN SECTOR OF AZERBAIJAN

Ragif Kh. Gasimov, Sugra İ.Humbatova, Sabuhi M. Tanriverdiev, Natig G-O.Hajiyev

Abstract: Production cost, interaction of price and labor factors in increase of competitiveness in agrarian sector of Azerbaijan has been studied in this article. There are theories that reflect role of economic development in this article. Taking into consideration that price and production cost is the main index in comparison competitiveness in agriculture in research; it has been applied to theoretical thoughts and research work about these categories. Among indices used in study of current situation and competitiveness in agriculture it is emphasized role of macroeconomics, economic and fi nancial index. In analysis part it is introduced models that reflect dependent of selling price of agricultural product on prime cost and labor cost which is main factor in increase of agriculture of Azerbaijan and conducted analysis of complex (multiple regression) correlation-regression. Excluding some products, it is defi ned line dependent of selling price of many agricultural product on prime cost and labor cost.

Keywords: agrarian sector; competitiveness; complex (multiple regression) regression; labor cost; price; prime cost

Date published: 2018-03-06