Undoubtedly, oil prices play a crucial role in the macroeconomic performances of oil-exporting developing countries. In this regard, the exchange rate is one of the key macroeconomic indicators worthy of investigation. Existing literature shows that world oil prices play an important role in the...

Several recent studies point to the conclusions that there exists a strong relationship between democracy and the level of income. However, if income is coming from countries' oil wealth, there is an exception to this claim; the positive effect of income in democracy is not observed. This paper...

Azerbaijan is the most strategic country in the Caucasus and the Caspian regions with strategic and development perspectives. Azerbaijan experienced various political, economic and social problems in its first years of independence due to Armenia's occupation of Karabakh. Due to these problems,...

In this article, the long-lasting effects of the 2007-2008 global economic crises on the economy of the United States and Europe have been investigated and presented separately. In these economies, the permanence of this effect is given. Similar and different aspects are explained in terms of...

In the article, valuing of the existing situation of export multiplication in the Azerbaijan Republic has been analyzed. Non-oil sector has not enough pay in the general export of country and it is sign that this sector stay with enough problems. Although non-oil sector has a high export...

Paying attention to the last prognosis indicators, we'll see that, in its payment period in the result of exploitation of the pipe pump BTC forming a part of "Agreement of the Century" signed on September 20, in 1994, in 2008-2015 years the incomes is expected to be 35-42 billion USD. If one...

Ticaret kavramı yeniden tanımlanmış ve pazar kavramına değişik açılardan yaklaşılmak zarureti ortaya çıkmıştır. Bunun sebebi eski sanayi toplumundan çağdaş bilgi toplumuna geçişte geleneksel ticaretin yerini artık modern elektronik ticaretin almış olmasıdır. Elektronik...

The Azerbaijan Republic became a member of the World Bank in September 1992 and the International Development Association. The major focus of the World Bank's work to date has been to assist Azerbaijan by providing policy advice, financing for both investments the government budget, and...