Dutch Disease and Azerbaijan Economy
Fakhri Hasanov ()
EERC Working Paper Series from EERC Research Network, Russia and CIS
The study analyzed whether there are any symptoms of Dutch Disease in Azerbaijani economy during 2001-2007by employing testable hypotheses while carefully checks alternative explanations of observed consequences. The study concluded that there has not been “absolute de-industrialization”, but observed “relative de-industrialization” in the non-oil tradable sector and substantial expansion in the non-tradable sector. Government expenditures have created the “spending effect” and this effect has been more significant than the “resource movement effect”. There have been evidences of a rapid increase in average wage and high price in the non-tradable sector and therefore an appreciation of the real exchange rate.
JEL-codes: O13 Q33 (search for similar items in EconPapers)
References: Add references at CitEc
Citations: View citations in EconPapers (20) Track citations by RSS feed
Downloads: (external link)
https://eercnetwork.com/default/download/creater/w ... b814318d64acbc25.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 500 Can't connect to eercnetwork.com:443 (A connection attempt failed because the connected party did not properly respond after a period of time, or established connection failed because connected host has failed to respond.)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:eer:wpalle:11/03e
Ordering information: This working paper can be ordered from
EERC Research Network, Russia and CIS, 92/94, Dmytrivska Str., suite 404, Kyiv, 01135 Ukraine
Access Statistics for this paper
More papers in EERC Working Paper Series from EERC Research Network, Russia and CIS EERC Research Network, Russia and CIS, 92/94, Dmytrivska Str., suite 404, Kyiv, 01135 Ukraine.
Bibliographic data for series maintained by Anton Pashchenko ().