CESD Research Paper: Higher Oil Price: Sustainable or Temporary Economic Growth?

CESD Research Paper: Higher Oil Price: Sustainable or Temporary Economic Growth?

The purpose of the research is to demonstrate the influence of oil price change on Azerbaijan as a whole in order to provide the explanation for the major developments of economic and social policies. Furthermore, the paper studies the impact of increasing and stabilizing oil prices on Azerbaijan Economy after the second half of 2016. It presents a macroeconomic analysis of the impact of stabilized oil price in Azerbaijan in 2017. Additionally, it assesses the overview of the economy with a holistic scene in macroeconomic analysis within 2017 with several comparisons to the previous years. The research mainly addresses the indirect effects of oil price increase on Azerbaijan after the recent recovery in the world oil price by building correlations to evaluate the changes…

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