Large energy reserves have been a major contributor to the Azerbaijan economy, and affected the country's exports volume, and have become a main determinant of the country's economic structure. Azerbaijan is a country that has major oil and gas based economy with the completion of the...

The paper examined whether investment serves asa channel through energy could promote economic growth in Nigeria. A model that incorporated energy as a separate input and as an indirect input was developed and estimated. The results showed that the potential of investment to enhance economic...

After re-gaining its independence on 18 October 1991, the Republic of Azerbaijan started the transformation to the market-based economy and the integration into the world economy. The country’s oil and natural gas reserves have been considered the main source for financing a range of...

This article analyzes the models and methods of their solutions for the optimization of the various parameters of power systems: a model of integer linear programming, fuzzy logic and stochastic programming. The article notes that the choice of this or that technique is determined by the...

The corruption is a phenomenon present in different degrees in all countries around the world. In this revision article the objective was to identify the theoretical explanations of corruption and their consequences on the economic development. First, it is verified the difficulty of measurement...

As it also happened in many Latin American countries during the 60s and 70s, inflation became one of the main economic problems in the Brazilian economy. The acceleration of prices and hyperinflation coexisted not only with periods of economic expansion (1956-1979), but also with huge...