Oil Money vs. Economic Crisis: The Case of Azerbaijan

Alexander Chubrik and Mateusz Walewski

No 6, CASE Network E-briefs from CASE-Center for Social and Economic Research

Abstract: The effect of the global financial crisis on Azerbaijan’s economy is closely related to the country’s strong dependence on oil exports. The local economy was mostly affected by a drop in oil prices and not so much by outflows of foreign capital and reduced investment.

Keywords: financial crisis; oil industry; Azerbaijan (search for similar items in EconPapers)
Pages: 4 Pages
Date: 2010-05
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:sec:ebrief:1006

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