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...

The article is a comprehensive analysis of the economic impact of COVID-19 on Azerbaijan's aviation sector. Research shows that the decline in the aviation sector has affected not only aviation but also the tourism sector and small businesses at airports. Restrictions on air travel due to the...

The new social and economic behavior environment in the world and in Azerbaijan emerged in connection with the coronavirus (COVID-19) pandemic in 2020 has created new challenges in providing assistance to vulnerable social groups, state support for business, and made it necessary to create...

This policy paper assesses the financial and operational effectiveness of the government's efforts to reduce the negative impact of the COVID-19 pandemic on business and strengthen the social protection of the poor during this period, and puts forth proposals for relevant government agencies....

This paper conducts a descriptive statistical analysis of employment in Azerbaijan covering the period between 2000 and 2018 to study the effects of the Dutch disease hypothesis. Azerbaijan has been a research subject of the Dutch disease due to the boom in the oil sector since independence from...

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...

A significant share of the state budget of Azerbaijan is spent on the welfare of those participating in repressions and falsification of elections. Thus, the regime puts these groups under its control and increases the repressive impacts of oil revenues

Based on studies performed by reputable agencies, the problems of attracting foreign investors in Azerbaijan have been identified and a set of government measures required to address them has been proposed

The Azerbaijani economy is facing a massive crisis due to the systemic failure of the government to enact reforms. Global oil prices drop and the COVID-19 pandemic is widening the chasm between the haves and have-nots

In this study, we build and use a factor-augmented vector autoregressive (FAVAR) model to forecast inflation and output in Azerbaijan. The FAVAR model is particularly effective in data-rich environments, alleviating the curse of dimensionality of the standard VAR model and handling omitted...

Infrastructure is often seen as a critical factor in economic development. However, impact assessment for infrastructure projects is a challenge due to a number of methodological issues. Both developing economies and countries in transition could benefit from such studies to better inform their...

The main objective of this paper is to utilize the transformation method to turn the non-stationary time series processes into the stationary one. Being monthly in nature, the data provide information about the house prices in primary and secondary markets in Azerbaijan

This research investigates the effects of income taxation on the motivation to work by employing a survey method for the Azerbaijan population. The two research questions of interest are, if subjects consider income taxes when deciding how many hours to work and how subjects would react to a...

This paper analyses the impact of public expenditures and tax revenues on non‑oil economic growth in Azerbaijan for the period of 2000Q1‑2015Q2 by employing OLS, ARDL, FMOLS, DOLS, CCR and Granger Causality techniques. Different cointegration methods result in consistent results. In this...

The article aims to provide a new approach to the modelling of fiscal policy effectiveness in Azerbaijan. It is argued that massive transfer of oil revenues from SOFAZ to state budget after 2008 has sharply declined the impact of budget expenditures over non-oil sector economic performance, so...

This master thesis aims to examine an empirical investigation of the impact of Azerbaijan national currency devaluation on the banking sector of Azerbaijan. We will identify how currency devaluation affects the performance of the banks in Azerbaijan. In recent decades, several developing...

The paper examines the relationship between income & inflation with interest rates of loans in Azerbaijan by applying adjustments to the liquidity preference framework. Based on the research findings, exchange rate, GDP, money supply and household savings are the determinants of credit interest...

Azerbaijan became the country among the post-soviet countries, that allocated the largest share of GDP, in order to eliminate the economic challenges caused due to the outbreak of COVID-19. Providing favorable economic conditions in the post-pandemic period is as crucial as supporting the...

In this study, we build and use a factor-augmented vector autoregressive (FAVAR) model to forecast inflation and output in Azerbaijan. The FAVAR model is particularly effective in data-rich environments, alleviating the curse of dimensionality of the standard VAR model and handling omitted...

Belt and Road Initiative (BRI), announced in 2013 and formalized in 2015, is China's long-term commitment and aims to improve connectivity within Asia as well as between Asia and other continents via transport corridors (rail, road, maritime, air) and deeper economic, political, and cultural...

Human capital is the knowledge, skills, and health that people accumulate over their lives and that enable them to realize their potential as productive members of society is an important contributor to the wealth of all nations regardless of income status. While Azerbaijan has achieved...

The COVID-19 crisis has given renewed urgency to efforts to support the digitalisation of SMEs. However, many SMEs lag behind larger firms in the digital transition as a result of important barriers with respect to skills, innovation, infrastructure, regulation and finance. The SME digital gap...

From the erosion of state legitimacy in Lebanon to the use of smartphones in Kyrgyzstan, from a Polish suburb to the music scene in Azerbaijan, this volume attempts to explain why, in a variety of world regions, a substantial number of people tend to ignore or act against state rules. We propose...