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

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... 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... Read More