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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. …
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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 …
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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 …
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