This study reviews Azerbaijan’s fiscal policy implementation and discusses its changes before, during and after the oil … due to being financed mostly by direct transfers from State Oil Fund of the Republic of Azerbaijan (SOFAZ) and taxes on … Azerbaijan. …

Azerbaijan is an oil rich country facing three severe problems at the same time: economic volatility, the need to … their effects on Azerbaijan's budgetary outcomes. But, more uniquely, we develop and apply some models to capture the long …

The aim of this research is to analyze macroeconomic performance and discuss transition indicators in Azerbaijan … economy for 1991-2012. After regaining independence in 1991, Azerbaijan implemented economic transition process toward market … speed economic growth or oil boom period. Thus, by opening "Baku-Tbilisi-Ceyhan" pipeline in 2005, Azerbaijan …

has been common to trace this failure to real exchange rate appreciation. This has also been done in Azerbaijan. However …, because Azerbaijan has devoted so much of its oil revenues to government investment, Azerbaijan provides a suitable case for …

Azerbaijan. The standard “Dutch disease” model is modified to capture the special conditions of transition economies, with … problems. The paper describes a medium-term policy strategy for Azerbaijan, relating its prospects to the experience in the … 1970s of Ecuador, Indonesia, and Nigeria. The adverse effects of the Dutch disease may be avoided if Azerbaijan pursues …

Oil and gas production in Azerbaijan were projected to increase sharply in 2005 and 2006, respectively, reaching peaks …