We examine the relationship between oil price fluctuations and economic activity in Azerbaijan using vector …'s capacity to subsidize the remaining economy. Second, oil price innovations also lead to higher inflation in Azerbaijan. In …

This study aims to analyse the discretionary fiscal policy of Azerbaijan, Kazakhstan, and Russia for the period 2003 … defines the discretionary fiscal position and the aggregate demand effect of fiscal policy. The SBBs in Azerbaijan and Russia … demonstrate that fiscal policies tend to be mainly procyclical in Kazakhstan and Russia. Azerbaijan conducted a counter …

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 …

Among ENP countries, Azerbaijan is outstanding because it leans on its resource base and sees the EU at the receiving … ; Azerbaijan ; ENP ; Transition Economies ; Institutional Change ; Governance ; Resource Curse …