Oil Money vs. Economic Crisis: The Case of Azerbaijan
AbstractThe effect of the global financial crisis on Azerbaijan’s economy is closely related to the country’s strong dependence on oil exports. The local economy was mostly affected by a drop in oil prices and not so much by outflows of foreign capital and reduced investment.
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Bibliographic InfoPaper provided by CASE-Center for Social and Economic Research in its series CASE Network E-briefs with number 06.
Length: 4 Pages
Date of creation: May 2010
Date of revision:
financial crisis; oil industry; Azerbaijan;
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- Richard Pomfret, 2010.
"Exploiting Energy and Mineral Resources in Central Asia, Azerbaijan and Mongolia,"
School of Economics Working Papers
2010-16, University of Adelaide, School of Economics.
- Richard Pomfret, 2011. "Exploiting Energy and Mineral Resources in Central Asia, Azerbaijan and Mongolia," Comparative Economic Studies, Palgrave Macmillan, vol. 53(1), pages 5-33, March.
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