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In spite of the remarkable growth and price reductions of the photovoltaic (PV) market during the past decade, the PV market still needs financial supports and incentives in order to achieve its national target from the long-term perspective. However, due to the financial burden on the government budget, most of the countries are reducing their financial supports and incentives as time goes by. In order to sustain the growth of the PV market, it is crucial to determine the optimal solar incentive design by minimizing the government budget while maximizing the resident's benefit. Towards this end, this study aims to propose a framework for optimizing the solar incentive from the perspective of residents and policy makers. The proposed framework consists of five steps: (i) establishment of database; (ii) generation of incentive scenarios; (iii) calculation of the electricity generation; (iii) Life Cycle Cost (LCC) analysis; and (v) Multi-objective optimization using Pareto optimal solutions. The proposed framework could help both residents and policy makers in several ways by developing a multi-objective optimization model in the future study: (i) minimize the government budget; (ii) maximize the resident's benefit; (iii) determine an optimal solar incentive design which can satisfy both residents and policy makers. Application of the proposed framework could be extended to any other country or sector in the global environment. [ABSTRACT FROM AUTHOR]

This article examines the two main sources of the state budget in Azerbaijan: taxes and oil revenues. In particular, it analyzes variously measured indicators of the tax burden on the Azerbaijan economy compared to other countries in the region and the world, assesses, based on a regression model, the role of the oil factor in generating revenue for the budget, and explores various scenarios for evaluating the sustainability of government budget revenues in the medium term. Based on his assessments, the author shows that steady growth of the non-oil sector by 7%-9% per year is a major condition for maintaining the stability of government revenues in the medium term. [ABSTRACT FROM AUTHOR]

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Copyright of Economic Trends & Economic Policy is the property of Institute of Economics, Zagreb and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)