Center for Analysis of Economic Reforms and Communication Develops a General Equilibrium Model
The Center for Analysis of Economic Reforms and Communication (CAERC) is currently developing a General Economic Equilibrium (CGE) Model. In this context, the Asian Development Bank (ADB) organized a seminar on CGE models at Nazarbayev University in Astana, Kazakhstan. The seminar was attended by Rəşad Hüseynov, Acting Head of CAERC’s Projects Department, and Vüsalə Cəfərova, Strategic Analysis and Planning Manager.
The seminar focused on the use and application of the CGE model for macroeconomic analysis, which will contribute directly to the development of a corresponding model at CAERC. The CGE model allows for the study of inter-sectoral linkages, regional interactions, calculation of socio-economic indicators, and the generation of medium- and long-term forecasts.
Presenters at the Astana seminar included Professor Mark Horic from Victoria University, Australia, ADB department heads Edmon Ginting and Dipsa Vijerasna, and Professor Janna Kapsalyamova from Nazarbayev University. According to Rəşad Hüseynov, discussions at the seminar also addressed the development of Azerbaijan’s own General Economic Equilibrium Model. He emphasized that the involvement of international experts will enhance the model’s adequacy.
In addition to the Azerbaijani delegation, representatives from governmental bodies, think tanks, and academic institutions from Kazakhstan and Kyrgyzstan also participated in the seminar, fostering regional collaboration in economic modeling and forecasting.
Related news
A representative of the CAERC participated in a conference dedicated to the future…
Rashad Najafli, Deputy Director of the Economic Analysis Department of the Center for Analysis of Economic Reforms and Communication (CAERC), participated in the international conference on “New Challenges in Maintaining Financial…
New Opportunities in Technology Parks: Commercialization and Export of Innovations
The Decree of the President of the Republic of Azerbaijan dated October 22, 2026 on Amendments to the “Model Regulation on Technology Parks” provides for important innovations in terms of improving the activities of technoparks,…
Vusal Gasimli spoke at the opening of the Islamic Finance Forum
Vusal Gasimli, Executive Director of the Center for Analysis of Economic Reforms and Communication (CAERC) — a Doctor of Economic Sciences and Professor — delivered a speech at the opening ceremony of the "3rd Islamic…
CAERC expands cooperation with think tanks and universities in Uzbekistan
Ilyas Huseynov, Head of the Turkic World Research Center (TWRC) at the Center for Analysis of Economic Reforms and Communication (CAERC), held meetings with representatives from think tanks and higher education institutions, and delivered…
Meetings regarding preparations for the final monitoring and evaluation of the Socio-Economic…
The Center for Analysis of Economic Reforms and Communication (CAERC) has concluded a series of meetings with representatives from relevant government agencies. These meetings were held to refine outcome indicators for the year 2026—within…
The investment portfolio of “Enterprise Azerbaijan”’s partners exceeds 3 billion…
The global innovation program “Startup School 4: Five Continents – 500 Startups,” implemented by the “Enterprise Azerbaijan” portal of the Center for Analysis of Economic Reforms and Communication (CAERC),…
The establishment of the Karabakh National Park creates new opportunities for ecological…
The Order of the President of the Republic of Azerbaijan, Ilham Aliyev, dated October 20, 2026, "On the Establishment of the Karabakh National Park of the Republic of Azerbaijan," is regarded as a significant step toward…
World Bank: Azerbaijan’s strong financial buffers support economic stability and…
The "Europe and Central Asia Economic Update" and the "Macro-Poverty Outlook" for Azerbaijan, published by the World Bank in October 2026, indicate that the country has maintained its macroeconomic stability, strong…
Op-eds
Ilkin Gasimov
Chief advisor of the Economic analysis division
New Financial Model for Resource Allocation in General Education
Baghish Ahmadov
Advisor to the Executive director of the Center for Analysis of Economic Reforms and Communication
Azerbaijan International Investment Forum: Investment Cooperation and National Development Priorities
Abdulrahim Dadashov
Deputy head of the Monitoring and evaluation division
Environmental Responsibility is One of the Key Conditions in the Development of the Mining Industry
Latif Zeynalli
Head of State Programs Division
Development of Competition Will Create New Opportunities for Sustainable Economic Growth
Orkhan Sadigov
Head of the Monitoring and evaluation division
A New Approach to Managing Off-Budget Funds Will Strengthen Financial Discipline
Elshan Yusifli
Head of the Monitoring of sectoral programs sector
New Changes to Nakhchivan’s State Programme: Export, Logistics and Social Mechanisms Improved
Abdulrahim Dadashov
Deputy head of the Monitoring and evaluation division
New Law Strengthens the Sustainable Development and Digital Monitoring of the Fisheries Sector