Estimation of the Impacts of Non-Oil Traditional and NonTraditional Export Sectors on Non-Oil Export of Azerbaijan

Nicat Hagverdiyev (), Ceyhun Mikayilov () and Sabuhi Yusifov

Academic Journal of Economic Studies, 2016, vol. 2, issue 4, 77-89

Abstract: The significant share of oil sector of the Azerbaijan export portfolio necessitates promotion of non-oil exports. This study analyzes weather the commodities which contain the main share (more than 70%) in non-oil export are traditional or non-traditional areas, using the so-called Commodity-specific cumulative export experience function, for the 1995-2015 timeframe. Then, the impact of traditional and non-traditional exports on non-oil GDP investigated employing econometric model. The results of the study based on 16 non-oil commodities show that cotton, tobacco, and production of mechanic devices are traditional sectors in non-oil export. The estimation results of the model indicate that both, traditional and non-traditional non-oil export sectors have economically and statistically significant impact on non-oil GDP.

Keywords: Azerbaijan; non-oil export; traditional and non-traditional sectors; diversification (search for similar items in EconPapers)
JEL-codes: C22 F43 O24 (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:khe:scajes:v:2:y:2016:i:4:p:77-89

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