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Input–output analysis in an oil-rich economy: The case of Azerbaijan

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  • Sabiroglu, Ilkin M.
  • Bashirli, Samad

Abstract

This paper aims to provide empirical research to identify the linkages between final demand–total output, final demand–total supply, value-added ratios and prices, and also to analyze total factor productivity growth using input–output framework for 25 sectors. Studying the input–output tables for 2001 and 2006, the research estimates impact and response multipliers of non-oil sectors, as well as non-oil trading sectors. The results are important from the view of development of non-oil trading sectors and diversification of the economy in order to avoid the “resource curse”.

Suggested Citation

  • 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.
  • Handle: RePEc:eee:jrpoli:v:37:y:2012:i:1:p:73-80
    DOI: 10.1016/j.resourpol.2011.12.003
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    References listed on IDEAS

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    1. Spulber, Nicolas & Moayed-Dadkhah, Kamran, 1975. "The Pioneering Stage in Input-Output Economics: The Soviet National Economic Balance 1923-24, after Fifty Years," The Review of Economics and Statistics, MIT Press, vol. 57(1), pages 27-34, February.
    2. International Monetary Fund, 2008. "Impact of Government Expenditure on Growth; The Case of Azerbaijan," IMF Working Papers 08/115, International Monetary Fund.
    3. Kalyuzhnova, Yelena & Nygaard, Christian, 2008. "State governance evolution in resource-rich transition economies: An application to Russia and Kazakhstan," Energy Policy, Elsevier, vol. 36(6), pages 1829-1842, June.
    4. Fakhri Hasanov, 2010. "The Impact of Real Oil Price on Real Effective Exchange Rate: The Case of Azerbaijan," Discussion Papers of DIW Berlin 1041, DIW Berlin, German Institute for Economic Research.
    5. Auty, Richard M, 1998. "Mineral wealth and the economic transition: Kazakstan," Resources Policy, Elsevier, vol. 24(4), pages 241-249, December.
    6. Kutan, Ali M. & Wyzan, Michael L., 2005. "Explaining the real exchange rate in Kazakhstan, 1996-2003: Is Kazakhstan vulnerable to the Dutch disease?," Economic Systems, Elsevier, vol. 29(2), pages 242-255, June.
    7. Christoph B. Rosenberg & Tapio Saavalainen, 1998. "How to Deal with Azerbaijan’s Oil Boom? Policy Strategies in a Resource-Rich Transition Economy," IMF Working Papers 98/6, International Monetary Fund.
    8. Manove, Michael, 1971. "A Model of Soviet-Type Economic Planning," American Economic Review, American Economic Association, vol. 61(3), pages 390-406, June.
    9. Stilwell, L. C. & Minnitt, R. C. A. & Monson, T. D. & Kuhn, G., 2000. "An input-output analysis of the impact of mining on the South African economy," Resources Policy, Elsevier, vol. 26(1), pages 17-30, March.
    10. Mikesell, Raymond F, 1997. "Explaining the resource curse, with special reference to mineral-exporting countries," Resources Policy, Elsevier, vol. 23(4), pages 191-199, December.
    11. Long, Neal B, Jr, 1970. "An Input-Output Comparison of the Economic Structure of the U.S. and the U.S.S.R," The Review of Economics and Statistics, MIT Press, vol. 52(4), pages 434-441, November.
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    Cited by:

    1. repec:clj:noecrw:v:1:y:2017:i:1:p:28-40 is not listed on IDEAS
    2. Samad Bashirli & Ilkin Sabiroglu, 2013. "Testing Wagner’s Law in an Oil-Exporting Economy: the Case of Azerbaijan," Transition Studies Review, Springer;Central Eastern European University Network (CEEUN), vol. 20(3), pages 295-307, November.
    3. Sun, Mei & Gao, Cuixia & Shen, Bo, 2014. "Quantifying China's oil import risks and the impact on the national economy," Energy Policy, Elsevier, vol. 67(C), pages 605-611.
    4. repec:pts:journl:y:2017:i:1:p:34-44 is not listed on IDEAS

    More about this item

    Keywords

    Input–output analysis; Resource curse; Total factor productivity; Azerbaijan;

    JEL classification:

    • C67 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Input-Output Models
    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • P22 - Economic Systems - - Socialist Systems and Transition Economies - - - Prices
    • Q32 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Exhaustible Resources and Economic Development
    • Q33 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Resource Booms (Dutch Disease)
    • Q38 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Government Policy (includes OPEC Policy)

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