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

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

Vugar Bayramov’s analysis of the tension between Russia and Turkey

Vugar Bayramov’s analysis of the tension between Russia and Turkey Vugar Bayramov, chairman of Center for Economic and Social Development, gave interview to day.az news portal in Azerbaijan on December 9th, 2015. In his interview, Dr. Bayramov addresses to impacts of existing tension between Turkey and Russia not only on those indicated countries but also on Azerbaijan. Full interview in Russia is submitted below. Россия и Турция топят... Read More

Will the Middle East support Washington’s ‘oil sanctions’ to Russia?

Will the Middle East support Washington’s ‘oil sanctions’ to Russia? Dr. Vugar Bayramov Chair of CESD, Azerbaijan www.cesd.az The price of 1 barrel of crude oil again dropped to $ 82 in the world market. The description of the market is very simple: demand is declining whereas the supply still remains high. Unlike Russia’s expectations, Saudi Arabia not only decreased oil production, but also applied for price discounts in the oil export.... Read More

EDB Poll: Azerbaijan expresses the lowest support for joining the Customs Union

EDB Poll: Azerbaijan expresses the lowest support for joining the Customs Union The Centre for Integration Studies of the Eurasian Development Bank has presented the “EDB Integration Barometer – 2014” report. The report has been prepared by Eurasian Development Bank’s Centre for Integration Studies and the Eurasian Monitor International Research Agency. In 2014 over 13,000 people from ten CIS countries and Georgia (between 1,000 and 2,000... Read More

Economic realities of the Russian-Ukraine conflict

Economic realities of the Russian-Ukraine conflict Getting into the Crimea, Russia did settle not only “va-bank” in the geopolitical relations with The West but also tried to create new game rules on the economic plane in the region. Of course, Moscow was warned beforehand it would face economic and as well as political sanctions. Though the West repeatedly informed Russia about such issues before the conflict even started Moscow initiated such... Read More

IRAN AND THE WEST: CHANGING RELATIONS?

IRAN AND THE WEST: CHANGING RELATIONS? After reaching an interim nuclear deal with major world powers, Iran’s government is turning its attention to mending strained relations with Western countries.Iran is enthusiastic for the United States and the Europeans to lift harsh economic sanctions near future. In some circles in the political capitals of the Europe, having a close relationship with our southern neighbor are welcomed. Of course the main... Read More

Accession to the Customs Union: Shaping the strategy for Azerbaijan

Accession to the Customs Union: Shaping the strategy for Azerbaijan This paper analyses the implications of the potential accession of the Republic of Azerbaijan to the Customs Union of Belarus, Kazakhstan, and Russia, combining qualitative and quantitative approaches. The qualitative approach employs stakeholder and sectorial analysis, while quantitative methodologies include Hedonic Estimation and Linear Regression Models. The stakeholder analysis... Read More

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