Agriculture and agrarian sectors have been gone through the serious transformation process since the collapse of the Soviet Union in Azerbaijan. An ever-growing body of academic literature body investigated the resource curse and Dutch disease theories to conceptualize non-oil sectors in...

Is it possible to apply Principal Component Analysis (PCA) in the Azerbaijan economy? Before blindly answering the question, careful examination of the collected data and the relevance of the data set to the mentioned analysis should be checked. PCA is a widely used multivariate dimension...