본문 바로가기
  • Home

A Study on the International Oil Price and Its Effect on Economic Growth of Azerbaijan

Hwang YunSeop 1

1경희대학교

Candidate

ABSTRACT

The purpose of this paper is to analyze the possibility of sustainable economic growth of the Republic of Azerbaijan under high oil price circumstances. Although the Republic of Azerbaijan seems to in a sustainable economic growth, it, in fact, may have structural economic problems such as the concentration of product factors (e.g. labor, capital etc.) into the natural resource mining sector. This phenomenon will make major barriers to economic growth of Azerbaijan and, consequently, cause weakening the industrial competitiveness. In this paper, many publications from well-known organizations such as world bank, IMF, UN, etc. was used to analyze macroeconomic indicators of Azerbaijan. I finally discussed about the sustainable economic growth of Azerbaijan economy.

Citation status

* References for papers published after 2023 are currently being built.