Güläliyev, Mayis; Aliyev, Shafa; Alesgerova, Aygun; … - In: Economies : open access journal 14 (2026) 3, pp. 1-31
Background: This study revisits whether oil revenue windfalls translate into higher socio-economic welfare in oil-exporting economies and explains why oil price booms often fail to generate sustained gains in real GDP per capita. Methods: Using annual data for ten oil-exporting countries over...