A preliminary assessment of the impact of the COVID-19 pandemic on Azerbaijani economy

A preliminary assessment of the impact of the COVID-19 pandemic on Azerbaijani economy Azerbaijan became the country among the post-soviet countries, that allocated the largest share of GDP, in order to eliminate the economic challenges caused due to the outbreak of COVID-19. Providing favorable economic conditions in the post-pandemic period is as crucial as supporting the economy during the period of the pandemic. It is an undeniable fact that... Read More

Collateral damage: The Western sanctions on Russia and the evaluation of implications for Russia’s post-communist neighbourhood

Collateral damage: The Western sanctions on Russia and the evaluation of implications for Russia’s post-communist neighbourhood This paper reviews the Western sanctions on Russia and endeavours to evaluate the medium-term implications of these sanctions for post-communist neighbours of Russia. Growth spillovers are examined via VAR model. This model reveals that the Western sanctions against Russia have significant impact on Russia’s post-communist... Read More

Social consequences of the oil price shock in the resource rich post-soviet countries

Social consequences of the oil price shock in the resource rich post-soviet countries This study seeks to determine the impact the fall in global oil prices post-2014 had on the welfare of the populations of three resource-rich post-Soviet states: Russia, Kazakhstan, and Azerbaijan. Changes in welfare will be explored through the analysis of several socio-economic indicators affected by the local currencies’ devaluations. It will be suggested that... Read More

CESD Research Paper: Economic effects estimation for the Eurasian Economic Union: Application of regional linear regression

CESD Research Paper: Economic effects estimation for the Eurasian Economic Union: Application of regional linear regression This researcg aims to provide a coherent analysis of the economic impact accession to the Eurasian Economic Union has had on the economies of current member states and what affect membership would have on the economy of Azerbaijan. By applying a Linear Regression Model we find that membership to this regional bloc has yielded... Read More

Baku-Tbilisi-Kars: Regional Implications and Perspectives

Baku-Tbilisi-Kars: Regional Implications and Perspectives The establishment of the Eastern Partnership (EaP) policy as a part of the European Neighborhood Policy (ENP) sets new objectives for the deepening of cooperation between the EU and EaP countries, and the greater integration of the EaP based on shared norms, values and standards. Forming the eastern divide of the ENP, Armenia, Azerbaijan, Belarus, Ukraine, Moldova, and Georgia are considered... Read More

Volatility, Diversification and Oil Shock in Resource-Rich Turkic Countries: Avenues for Recovery

Volatility, Diversification and Oil Shock in Resource-Rich Turkic Countries: Avenues for Recovery Well-known “Bilig” journal, which indexed by Social Sciences Citation Index, has published the CESD research article The paper analyses the current level of economic and export diversification in three resource-rich Caspian basin Countries: Kazakhstan, Azerbaijan and Turkmenistan and attempts to reveal the underlying causes of high vulnerability of... Read More

Oil shock in the Caspian Basin: Diversification policy and subsidized economies

Oil shock in the Caspian Basin: Diversification policy and subsidized economies Well-known “Resources Policy” journal (UK), which indexed by Social Sciences Citation Index, has published the CESD research article The recent oil price shocks of 2014 resulted in a substantial economic slowdown in the oil-exporting countries of the Caspian Basin, namely Russia, Kazakhstan and Azerbaijan. These resource-reliant countries have encountered a contraction... Read More

Azerbaijani Oil Income in August 2017

Azerbaijani Oil Income in August 2017 The State Oil Company of Azerbaijan Republic (SOCAR) reports that the company exported 254,363 thousand tons of crude oil from the Russian port of Novorossiysk and 1,733 million tonnes of crude oil from the Turkish port of Ceyhan in August 2017. Azeri oil price slightly increased in August 2017 compared with the previous month since the price was below $ 50.0 US per barrel in July 2017 Meanwhile, the oil price... Read More

Azerbaijan Economy in the first four months of 2017; Brief Overview

Azerbaijan Economy in the first four months of 2017; Brief Overview CESD- Center for Economic and Social Development concluded its macro-economic survey results for the first four months of 2017. Both independent and official reports show that GDP decreased in the reporting period. According to the State Statistic Committee of Azerbaijan, GDP decreased by 1.2 % in the first four months of 2017 compared with the period of 2016 since CESD calculations... Read More

The Silk Road Economic Belt: Implications for Azerbaijan

The Silk Road Economic Belt: Implications for Azerbaijan Friedrich-Ebert-Stiftung with the Levan Mikeladze Foundation organized the conference titled as “The Silk Road Economic Belt: The South Caucasus Perspective” on May 19th, 2017 in Tbilisi, Georgia. The conference discussions were organized on following questions: • Could the Silk Road Economic Belt act as a regional binder, or might it become a regional divider and feed into... Read More

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