Assessment of CES Function Parameters in Oil-Rich CIS Countries
نویسندگان
چکیده
The article analyses balance between the capital and labor market in CIS countries rich hydrocarbon resources – Azerbaijan, Kazakhstan Russia. For this purpose, impact of (fixed assets) (employed population) on production volume (on GDP) was estimated based relevant statistical data from these using function analysis. parameters CES were determined Mathcad system by nonlinear least-squares method. subject research has enhanced relevance due to lack extensive problem posed oil gas-rich CIS, evaluates markets for first time resource-abundant countries. From results, it can be seen that each three distribution coefficient is significantly higher than factor. This means there an excess cannot started. typical natural resources. main reason process complex structure increasing with revenues low level specialization existing force launch capital. Moreover, according results obtained function, substitute elasticity oil-rich less one. study summarizes current as imbalance assets created modern technology) (labor leverage key potential opportunities). Based analysis, modeling formulated scientifically grounded recommendations have been provided improvement education its quality countries, especially Russia Azerbaijan.
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ژورنال
عنوان ژورنال: Universal journal of accounting and finance
سال: 2021
ISSN: ['2331-9712', '2331-9720']
DOI: https://doi.org/10.13189/ujaf.2021.090216