This study empirically investigated the factors affecting firms' ability to adjust production in response to the COVID-19 outbreak. This study used firm-level survey data from the Enterprise Survey implemented by the World Bank Group, including a standard Enterprise Survey (Baseline) and two...

This study examines whether payment system data can be useful for tracking economic activity in Azerbaijan. We utilise the transactional payment system data at the sectoral level and employ a Dynamic Factor Model (DFM) and Machine Learning (ML) techniques to nowcast quarterover-quarter and...

This study examines economic activity measured with firm performance indicators using the changes in intensity of night-time light in four CAREC economies: Azerbaijan, Georgia, Kazakhstan, and Mongolia. The empirical analysis is based on the World Bank Enterprise Survey (WBES) data for 2019 and...

Among the many significant geopolitical consequences of Russia’s war against Ukraine has been the reinvigoration of the Middle Corridor, both as a regional economic zone comprising Central Asia, the Caucasus, and Turkey but also as an increasingly attrac­tive alternative route between Europe...

The welfare and economic growth of Azerbaijan's development trajectory based on fossil fuel extraction has come at the expense of the environment, other non-oil industries, and human capital growth. Due to its lack of economic diversification, the country is highly vulnerable to transition...

The Azerbaijan Systematic Country Diagnostic (SCD) Update 2022 identifies the most critical challenges facing the government in the effort to achieve the country's national goals and the twin goals of eradicating extreme poverty and promoting shared prosperity. It also identifies policy...

In economic and statistics, various indicators are used to measure the volumeof national production. The most important of these is gross domestic product (GDP).GDP is expressed by monetary unit of the final products and services produced in theeconomy. Here should be taken into account the fact...

The paper analyzes the possible impacts and repercussions of Russia-Ukraine war for the Economy of Azerbaijan, while presenting a view on bilateral engagement in economic spheres between both partners and Azerbaijan. Compared to Ukraine, Russia's share in trade pies is larger.In a globalized...

Die Diskussion um die Erweiterung der Europäischen Union (EU) hat neuen Schub bekommen. Vor dem Hintergrund des russischen Angriffskriegs gegen die Ukraine hat der Europäische Rat im Juni 2022 der Ukraine und der Republik Moldau jeweils den Status eines Beitrittskandidaten sowie Georgien den...

The budget plan for 2022 envisages the primary goals for insurance of the economic growth in the upcoming year, emphasizing economic diversification as one of the key targets. Followed by the restoration of the liberated territories and recovery after the negative impact of the pandemic, the...

It is clear that the export has important effects on country economic development. There are lot of various strategies have used in some countries to increase the export of services. According to the international statistics, we can see that the share of services exports in global trade is...

The greater the added value created by human labor, the greater the return on capital, so the return on capital must be increased. Investing in human capital is regarded as the most efficient and costeffective societal investment in developed countries. Human capital is one of the most important...

In this article, we discuss the impact of sanctions and embargoes imposed on Russia by the G7 countries and their allies on the region, and especially on Azerbaijan. Speaking about the impact of the recent sanctions on the Russian economy, opponents say that the sanctions will not have a serious...

The most affected market after Russia's intervention in Ukraine is the energy market. What has happened in this market has entered a very difficult phase to predict. On the one hand, the European Union, the United States, and the United Kingdom want to get rid of their dependence on Russian...

The war that broke out after Russia's aggression against Ukraine is not limited to battlefields, and the information, trade, and financial wars are reaching their peak. This article discusses the trade and financial war and its impact on Azerbaijan's international and regional integration...

In economics and statistics, there are many various indicators that measure the volume of national production. These indicators are used in making important decisions about economic stability or instability in the country. The most informative of these indicators is gross domestic product (GDP)....

Cotton, a worthwhile raw material and a core of the textile manufactures, has been the most crucial resource for many centuries and still keeps its top placement. Cotton has a very ancient history in Azerbaijan as well and the first burned cotton skein and cotton seeds were found Mingachevir...

Although this article is based on the example of authoritarian governance in Azerbaijan, it covers issues of authoritarian governance in general, especially for countries where rentier incomes from the production, export, or transportation of oil and natural gas and other mineral resources...

Azerbaijan’s economy has been investigated within Dutch disease (DD) and Natural Resource Curse Theory (NRCT) several times during the last 20-22 years, but the studies relied on heavily aggregated data and speculative theoretical models. Opinions differ in academia as to how and to what...

The historical routes from the People's Republic of China (PRC) and India to the Middle East or Europe ran north of, south of, and across the Caspian Sea. Since 1500, maritime transport has dominated trade between Europe and East Asia. Central Asia became an economic backwater, incorporated into...

The paper aims to assess the relationship between Azerbaijani and Kazakhstani exchange rates and crude oil prices volatility. The study applies the structural vector autoregressive (SVAR) model. The paper concentrates on Azerbaijan and Kazakhstan, the post-Soviet countries considered as some of...

Road accidents represent a growing worldwide problem. According to the official statistics, 696 people died and 1,410 were seriously injured in road crashes in Azerbaijan in 2020. The launch of the state road safety program for 2019 - 2023 is an important step towards improving road safety in...

This note presents main findings of the GovTech Snapshot Assessment for Azerbaijan, forming part of a larger World Bank global engagement on GovTech and Advisory Services and Analytics (ASA) in the South Caucasus focusing on transforming government services through digital innovations. The...

The South Caucasus region has a strategic geopolitical significance due to its importance for energy transports to Europe, but the conflicts, the pandemic and the instability affect people's safety. Moreover, these conflicts are an obstacle to the economic and social development of these...

Azerbaijan’s social assistance and income support schemes adopted during the Covid-19 pandemic need to be seen within the context of the country’s existing social protection system and safety nets. While the existing system is operational and has the technical capacity to respond and deliver...

This document aims to succinctly summarize the climate risks faced by Azerbaijan. This includes rapid onset and long-term changes in key climate parameters, as well as impacts of these changes on communities, livelihoods, and economies, many of which are already underway. This is a high-level...