Abstract
The article is devoted to the empirical analysis and modeling of the dynamics of the development of the balance of payments in Azerbaijan. For this purpose, the theoretical foundations of the balance of payments were investigated and explanatory factors were selected, the most suitable composition was formed, the functional dependence between the independent factors and the explanatory factor was determined, and the dependencies between the current account of the balance of payments and macroeconomic indicators were quantitatively evaluated based on the econometric methodology, and the relevant factor determining the overall quality of the time series was determined. econometric tests were conducted.
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