THE DIVERSIFICATION OF AZERBAIJAN ECONOMY; WAYS TO EUROPEAN INTEGRATION

THE DIVERSIFICATION OF AZERBAIJAN ECONOMY; WAYS TO EUROPEAN INTEGRATION “Russkii Vopros” published Vugar Bayramov’s research article The diversification need of Azerbaijan’s economy has long been debated since 2005, when the oil revenues fuelled economy’s development on one-engine shadowing non-oil sector. As many authors cite harmful effects of economic concentration, even more arguments are provided for negative consequents of concentration on natural resources, especially... Read More

Azerbaijan Economy in the First Ten Months of 2014; Brief Overview

Azerbaijan Economy in the First Ten Months of 2014; Brief Overview CESD- Center for Economic and Social Development concluded its macro-economic survey results for the first ten months of year on November, 15, 2014. Both independent and official reports show that oil GDP continued declining in the reporting period. According to the State Statistic Committee of Azerbaijan, oil GDP decreased 1.8 % in the first ten months of 2014 since CESD calculations found out 2.1 % decline in... Read More

New decline in oil industry and Growth in non-oil sector in Azerbaijan

New decline in oil industry and Growth in non-oil sector in Azerbaijan The State Statistics Committee of Azerbaijan reported that oil and gas industry declined by 1.7% in last 10 months of 2014 compared to the same period in previous year. Monthly decline has been observed in 2014. The highest declined was registered in January, 2014: energy sector declined 5.2 % in the first month compared to the same month of 2013. Meanwhile non-oil industry grew by 6.3% in the first ten months... Read More

Azerbaijan’s accession to the WTO: Assessing the macroeconomic consequences for the economy of Azerbaijan

Azerbaijan’s accession to the WTO: Assessing the macroeconomic consequences for the economy of Azerbaijan The paper analyzes the macroeconomic consequences for Azerbaijan’s economy in case the country joins the World Trade Organization (WTO ). Existing studies primarily draw on qualitative methods, while for this study a Computable General Equilibrium (CGE) model of the economy is calculated to simulate the consequences of WTO accession. The authors are able to generate numeric... Read More

EDB: The Ukrainian Crisis Caused Economic Slowdown in CIS Countries

EDB: The Ukrainian Crisis Caused Economic Slowdown in CIS Countries Growth Domestic Product (GDP) growth in CIS countries continued to go down and reached 0.9% year-on-year in the second half of 2014. This conclusion is made in the new issue of The CIS Macromonitor published by the Research Department of Eurasian Development Bank (EDB). The report states that the key factor beyond the economic slowdown in the CIS was the political crisis around Ukraine. The resulting drastic... Read More