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 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. [ABSTRACT FROM AUTHOR]