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 …

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 …

volatility. The study applies the structural vector autoregressive (SVAR) model. The paper concentrates on Azerbaijan and …

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 …