Effective Ways to Inject Oil Revenues into the Economy in Oil Countries

Orkhan Tashakkul Sadigov
Additional contact information
Orkhan Tashakkul Sadigov: Department of Theoretical and Practical Economy, Azerbaijan State University of Economics, Istiqlaliyyat Str. 6, Baku AZ-1001, Azerbaijan.

International Journal of Energy Economics and Policy, 2020, vol. 10, issue 2, 319-323

Abstract: The main objective of the study is to explore how to achieve economic growth and the role of oil in the oil countries economy. The practical necessity of the article is to learn how to effectively integrate oil revenues into the country's economy. At the same time, it is justified by the evidence that non-oil sector development and ultimately sustainable economic development can be achieved by injecting oil revenues into the economy efficiently and reasonably. Besides, at result of the study found that oil-rich countries for reaching long-term economic growth and sustainable economic development should be able to develop the non-oil sector and obtain economic diversification. Research work has been carried out on the basis of systematic analysis and methods. Scientific novelty of the research-modern features of oil revenues management and ways of its effective use were identified and in the result of research proposals were made.

Keywords: diversification of the economy; non-oil sector development; oil revenues. (search for similar items in EconPapers)
JEL-codes: E31 O11 Q41 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://www.econjournals.com/index.php/ijeep/article/download/8921/4899 (application/pdf)
https://www.econjournals.com/index.php/ijeep/article/view/8921/4899 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eco:journ2:2020-02-37

Access Statistics for this article

International Journal of Energy Economics and Policy is currently edited by Ilhan Ozturk

More articles in International Journal of Energy Economics and Policy from Econjournals
Bibliographic data for series maintained by Ilhan Ozturk ().