Page 41 - Azerbaijan State University of Economics

THE JOURNAL OF ECONOMIC SCIENCES: THEORY AND PRACTICE, V.70, # 2, 2013, pp. 32-66

Macro-Fiscal Model's Variables (continued)
44 ∆PD t Changes in Public debts in year t
n
45 I t is the total national investment in year t
g
46 I t is the government investment in year t
p
47 I t is the private sector investment in year t
48 ADP t annual Development Plan Expenditure in year t
49 NADP t non-ADP Capital Investment in year t
50 WSA t-1 is the wage, salary and other allowance level in year t-1 (previous budget year)
51 GS t-1 is the government expenditure on the same item over the past year
52 COP US$t is the crude oil international price per barrel in US Dollar in year t
53 EXR t is the prevailed exchange rate of the Dollar versus the Bangladesh Taka at year t

54 DOP t is the domestic price of crude oil in Taka for a barrel equivalent in year t
55 DFCON t is the domestic consumption of fuel in barrel equivalent at year t
56 FOCS t-1 is the food and other commodities and services subsidies at previous year (t-1)
57 R t is government revenue at year t
58 TR t tax revenue at year t
59 NTR t non-tax revenue at year t
60 DTR t revenue from direct tax at year t
61 ITR t revenue from indirect tax at year t
62 CUS t revenue from custom duties at year t
63 VAT t value-added tax revenue at t
64 F t total final demand in the economy (C+G+I) at year t
65 BB t budget balance (surplus/deficit) at year t
66 ∆PD t change in public debt at year t
67 GDP t is the gross domestic product at year t (X t)
68 GDP t-1 is gross domestic products at year t-1 (X t-1)
n
69 S t is the national saving at year t
70 NR t e is the net remittances of Bangladeshi workers abroad in year t
71 RNI t is the net investment returns abroad in year t
72 ONT t is the other net transfers inflow in year t
is the change in national reserve brought about by balance of payments surplus in the
73 ∆NRV t
economy in year t
75 EG t is the Bangladesh Garments export in year t
76 WGT t is the world total Garments trade in year t
77 EG t-1 is the total garments export at previous year
78 EO t is other exports at year t
79 W t is the world economic growth at year t
80 ES t is the export services in year t
n
81 M ct is the total economy commodity imports at year t
82 M st is the total services imports at year t
i
83 M t is the import of ith commodity or commodity group in year t
kg
84 M imports of capital goods in year t
t
ig
85 M t imported intermediate goods in year t
cg
86 M t imported consumption good in year t
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