Analysis of the oil, price and currency factor of economic growth in Azerbaijan

Sugra Ingilab Humbatova (), Azer Islam Ogli Garayev (), Sabuhi Mileddin Ogli Tanriverdiev () and Natig Gadim-Oglu Hajiyev ()
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Sugra Ingilab Humbatova: Azerbaijan State University of Economics, Azerbaijan
Azer Islam Ogli Garayev: Azerbaijan State University of Economics, Azerbaijan
Sabuhi Mileddin Ogli Tanriverdiev: Azerbaijan State University of Economics, Azerbaijan
Natig Gadim-Oglu Hajiyev: Azerbaijan State University of Economics, Azerbaijan

Entrepreneurship and Sustainability Issues, 2019, vol. 6, issue 3, 1335-1353

Abstract: The article examines the main macroeconomic indicators of the Azerbaijani economy, including GDP, GNI, CPI, exchange rate, fixed assets, investments, etc. Using statistical data of 2000‒2016, the main factors influencing oil production and dependence on oil prices are determined, and econometric equations (models) are established and evaluated. In addition, the same macroeconomic indicators, combined with oil production factors and oil prices, created a complex regression equation that reflects the dependence of manat on the dollar and the CPI. Meanwhile, all the data were compared both with the previous year, and with the base year (2000=100). the statistical significance of the regression and correlation parameters in the models was calculated using the EViews 9, PASW Statistics 18 and Gretl software packages for each parameter (Sig. p

Keywords: CPI; GDP; GNI; exchange rate; econometric models (search for similar items in EconPapers)
JEL-codes: E01 E31 O11 (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ssi:jouesi:v:6:y:2019:i:3:p:1335-1353

DOI: 10.9770/jesi.2019.6.3(20)

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