The De-industrialization Process In Azerbaijan: Dutch Disease Syndrome Revisited

Ibrahim Niftiyev

EconStor Conference Papers from ZBW - Leibniz Information Centre for Economics

Abstract: This paper focuses on the de-industrialization processes of Azerbaijan adopting the Dutch disease syndrome as the theoretical framework. After the emergence of Dutch disease hypotheses, resource-rich countries have become its main object of research. The consequences of Dutch disease syndrome are chronically appreciating national currency, a shrinking manufacturing sector compared to the booming sector, and the services sector. In order to shed light on this aspect of the Azerbaijan economy, important literature examples regarded de-industrialization and Dutch disease were examined and descriptive statistics applied to visualize the economy's recent timeline. This research mainly brings back the actuality of the Dutch disease phenomena to Azerbaijan's economy, connecting it to the deindustrialization process on employment, output, and trade level. The main intention is to depict and to compare policy responses of the national government during and after such crisis periods like 2008-2009 and 2014-2015 in a systematic detailed manner.

Keywords: Dutch disease; de-industrialization; oil tradable sector; non-oil tradable sector; non-tradable sector (search for similar items in EconPapers)
Date: 2020
New Economics Papers: this item is included in nep-ene
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:zbw:esconf:227485

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