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This paper focuses on the particular channels of de-industrialization processes of Azerbaijan considering the Dutch … sector compared to the booming sector and the services sector. In order to shed light on this aspect of the Azerbaijan … recent timeline. This research mainly brings back the actuality of the Dutch disease phenomena to Azerbaijan’s economy …
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This study investigates the impact of social and physical infrastructure spending on the non-oil tradable and non-tradable sectors while controlling for non-oil capital stock and employment in the Azerbaijani economy for the period 1995-2014. The analysis employs the Engle-Granger and...
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For a long time, abundant natural resources brought Iceland a high and volatile real exchange rate with adverse effects on manufacturing and services. During 2003-2008, another national treasure, the sovereign's AAA rating, was used by privatized banks to attract foreign capital, elevating the...
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