The paper offers a new view of the role of state based on recognition of the economic ability of the state as a separate factor of production. This approach gives indirect taxes the status of factor income as state profit. If we were to apply the mechanism of producing and purchasing private...

In modern economics several recognized theses may be called into question. This holds true for factors of production and incomes from them, transfer payments and the problems of their inclusion in the Gross National Product (GNP). In the article these problems are analyzed

The paper investigates the utility of economic theory for post-Communist economic transformation. It serves to explain the main reasons for market reform failure in different post-Communist countries. A literature review suggests that after the collapse of the Communist system there was no...

The report reviews key issues in energy trade and cooperation between the EU and CIS countries. It describes historical trends of oil and gas demand in the EU, other European and CIS countries and offers demand forecasts until 2030. Recent developments in oil and gas production and exports from...

The report reviews key issues in energy trade and cooperation between the EU and CIS countries. It describes historical trends of oil and gas demand in the EU, other European and CIS countries and offers demand forecasts until 2030. Recent developments in oil and gas production and exports from...

Keynesian models deal with the situation when aggregate supply is not dependent on tax rates, while aggregate demand, especially the part of it that relates to consumption, is the function of taxes. Supply-side economics also considers only a single aspect of the tax issue in the Laffer Curve,...

The purpose of the study is to re-examine some aspects of the geopolitical-economic understanding of Central Eurasia through a descriptive approach, that is, irrespective of the interests that motivate the world and other countries in this region. It is extremely important for the region’s...

This article analyzes the comparative advantages of the Central Caucasian states. Keeping in mind the geopolitical and geo-economic factors influencing the states of the region, it identifies the comparative advantages of its countries in terms of potential, realized, and missed opportunities....

The paper deals with the design of the framework for the energy co-operation opportunities in the Caucasus, based on the paradigm of 'pipelines harmonization.' Azerbaijan has a clear comparative advantage. Because of the special geographic features of the Caucasus, the use of Azerbaijan’s...

The naturalness of the economic co-operation between Azerbaijan and Georgia has led to the formation of a so-called “Caucasian Tandem”. By holding common attitudes in many international projects, the countries of the “Caucasian Tandem” have paved the way for the development of a certain...