Azerbaijan's democratization attempts failed, not least because for those in power, control over the political process … patrimonial lines defines the system that Azerbaijan's late president Heydar Aliyev created during his long rule and which his son …

economies with reference to the cases of Azerbaijan and Kazakhstan. The main research rationale is to analyze the potential …. Although both Azerbaijan and Kazakhstan have established oil funds to avoid the potential dangers of the paradox of plenty …

of the Century” and a bit later Azerbaijan started to get her profit oil, and subsequently oil dollars, from those …-term discussion for the efficient and transparent use of those monetary resources with the Government of Azerbaijan. The suggestion …

This policy paper is an assessment of the current situation in management of oil revenues in Azerbaijan in order to … macroeconomic environment, fiscal rules and legal bases for the management of oil revenues in Azerbaijan, policy of the management … countries. The main aim of this policy paper is to assess the current situation of management of oil revenues in Azerbaijan …

Azerbaijan's government established a national oil fund in 1999 to address the challenges associated with oil … rules governing its operation, as well as transparency and oversight. Azerbaijan is heavily dependent on natural resources … budget revenues in 2013. The State Oil Fund of the Republic of Azerbaijan (SOFAZ) since held some US $36.6 billion as of July …

After re-gaining its independence on 18 October 1991, the Republic of Azerbaijan started the transformation to the … used effectively; on the other hand, there was a huge demand for foreign investment for extraction. To this end, Azerbaijan … has signed Contract of the Century in 1994. Although Azerbaijan has wide oil and natural gas reserves, it has faced a …

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 …