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Abstract
The present paper deals with the study of agricultural products export growth of South Caucasus and Central Asian (CCA) countries to Russia. We decomposed these countries` agricultural product exports growth into extensive and intensive margins and further intensive margin decomposed into price and quantity components.
The results of our studies showed the growth of agrarian sector export growth mainly based on intensive margin growth during the 2002-2015 period. Nevertheless, the growth of agrarian export by extensive margin was significant for most CCA countries (except Kazakhstan and Turkmenistan) during the 2014-2015. Further decomposition of intensive margin into price and quantity components showed that Azerbaijan, in 2015 exported higher price level agricultural products than in 2002. For other CCA countries, contribution of price margin was not significant during 2002-2015. Our result showed significant contribution quantity margin in growth of export of agrarian sector for most CCA countries (except Turkmenistan), especially for Uzbekistan, Kazakhstan and Armenia during 2014-2015
References
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