What is it about?
PCA can be a useful statistical method to analyze sectoral performance in a given economy. This paper presents the results for the Azerbaijani economy, separately examining the fruit and vegetable sectors in terms of labor input and profitability. The main conclusion of the paper is that Azerbaijan's agricultural performance varies by subsector and that there is a statistically significant link with the oil industry.
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Why is it important?
This study is unique research that evaluates the economic performance of the fruit and vegetable sector using the PCA technique and uses the Azerbaijani economy as a case study.
Perspectives
PCA offers a wide range of possibilities for the study of economic processes. The macroeconomic application of PCA promises interesting and compelling results, as this study shows.
Dr. Ibrahim Niftiyev
Azerbaijan State University of Economics (UNEC)
Read the Original
This page is a summary of: Performance Evaluation of the Fruit and Vegetable Subsectors in the Azerbaijani Economy: a Combinatorial Analysis Using Regression and Principal Component Analysis, Zagreb International Review of Economics and Business, December 2021, De Gruyter,
DOI: 10.2478/zireb-2021-0018.
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