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Approach to the Azerbaijan Economic Structure: Non-Oil Sector

Author

Listed:
  • Nijat HUSEYNOV

    () (Szent Istvan University, Hungary)

Abstract

The division of Azerbaijan economy to the oil and non-oil sectors has been crucial economic approach due to the boom in the energy sector during the last decades. However, this division cannot eliminate the gap between the sectors. The oil sector has dominant position in Azerbaijan economy. This paper investigates and characterises the potential economic sectors of the non-oil division in Azerbaijan which can promote the economic growth using the main indicators and their shares in the gross output. Likewise, this research assesses the efficiency of the Azerbaijan government in order to foster the percentage of non-oil sector particularly in the agricultural activities and the development of the regions. The results of the paper asserts that the falling oil prices and oil production have amplified the share of the non-oil sector in the economy. The current economic situation reveals the outcomes of the activities by the Azerbaijan government in the non-oil sector.

Suggested Citation

  • Nijat HUSEYNOV, 2017. "Approach to the Azerbaijan Economic Structure: Non-Oil Sector," North Economic Review, Technical University of Cluj Napoca, Department of Economics and Physics, vol. 1(1), pages 28-40, October.
  • Handle: RePEc:clj:noecrw:v:1:y:2017:i:1:p:28-40
    as

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    File URL: http://ner.cunbm.utcluj.ro/wp-content/uploads/2017/10/NER-2017.3.pdf
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    References listed on IDEAS

    as
    1. Hasanov Fakhri, 2011. "Dutch Disease and Azerbaijan Economy," EERC Working Paper Series 11/03e, EERC Research Network, Russia and CIS.
    2. A Alodadi & J Benhin, 2015. "Long Term Economic Growth in Oil-Rich Saudi Arabia: What is the role for non-oil sectors?," Economic Issues Journal Articles, Economic Issues, vol. 20(1), pages 109-130, March.
    3. Sabiroglu, Ilkin M. & Bashirli, Samad, 2012. "Input–output analysis in an oil-rich economy: The case of Azerbaijan," Resources Policy, Elsevier, vol. 37(1), pages 73-80.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    non-oil GDP; agriculture; industry; trade; tourism;

    JEL classification:

    • E00 - Macroeconomics and Monetary Economics - - General - - - General
    • Q10 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - General
    • L70 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - General
    • F10 - International Economics - - Trade - - - General
    • Z30 - Other Special Topics - - Tourism Economics - - - General

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