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Impacts Of Export Subsidies On Non-Oil Exports – Evidence From Azerbaijan

Author

Listed:
  • Ramil HUSEYN
  • Namig SHALBUZOV
  • Coshgun CAFAROV

Abstract

Azerbaijan’s exports consist primarily of oil and oil products, with non-oil exports accounting for an average of only 11.5 percent of total exports over the last five years (2016-2020). This paper investigates the impact of export subsidies on export growth in the non-oil sector, as well as revenues of exporters in the case of Azerbaijan. Six criteria of OECD/DAC have been used for evaluation. A linear regression model was built to assess the impact of subsidies on non-oil export growth and variance analysis was performed to obtain a complete result. The findings of the analysis reveal that: (1) subsidies did not play a significant role in export growth; (2) stopping the subsidy after 2020 was the right decision; (3) production support measures instead of export subsidies are more effective. The combination of two different approaches shows that increasing competitiveness, rather than subsidies, has contributed significantly to raise the level of export income. Classification-JEL: O0, O1, O2

Suggested Citation

  • Ramil HUSEYN & Namig SHALBUZOV & Coshgun CAFAROV, 2024. "Impacts Of Export Subsidies On Non-Oil Exports – Evidence From Azerbaijan," Regional and Sectoral Economic Studies, Euro-American Association of Economic Development, vol. 24(2), pages 99-118.
    • Handle: RePEc:eaa:eerese:v:24:y2024:i:2_7
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    More about this item

    Keywords

    Azerbaijan; export promotion; export subsidy; income; non-oil sector;
    All these keywords.

    JEL classification:

    • O0 - Economic Development, Innovation, Technological Change, and Growth - - General
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • O2 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy

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