The study analyzed whether there are any symptoms of Dutch Disease in Azerbaijani economy during 2001-2007by employing testable hypotheses while carefully checks alternative explanations of observed consequences. The study concluded that there has not been “absolute de-industrialization”,...

The study analyzes price level in Azerbaijani economy over the period of 2000-2007 by employing a specific approach. The paper concludes that price increases caused by a resource boom differs from the price increases generated by a non-booming economy. Thereby, inflation mainly caused by...