IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/50723.html
   My bibliography  Save this paper

The Importance of Azerbaijan's Energy Revenues in its Exports Volume and the Effects on the National Economy

Author

Listed:
  • Suleymanov, Elchin
  • Nuri Aras, Osman
  • Huseynov, Ruslan

Abstract

Large energy reserves have been a major contributor to the Azerbaijan economy, and affected the country's exports volume, and have become a main determinant of the country's economic structure. Azerbaijan is a country that has major oil and gas based economy with the completion of the Baku-Tbilisi-Ceyhan Oil Pipeline in 2005 and Baku-Tbilisi-Erzurum Gas Pipeline in 2007. First export oil was pumped into Baku-Tbilisi-Ceyhan in May 2005, and the oil reached Ceyhan in May 2006. On the other hand, first export gas was pumped into Baku-Tbilisi-Erzurum in March 2007. The importance of country energy source revenues on Azerbaijan's export volume and the effects on national economy has increased with the completion of these pipelines year after year. Azeri export’s reliance on energy source revenues keeps dominant position in Azerbaijan’s exports despite efforts to diversify Azerbaijan’s economy away from oil. Finally, crude oil made 86 percent and oil products made 6 percent, so oil and oil products made 92 percent of Azerbaijan’s export in 2011. Non-oil products made up only 8 percent of the country’s export last year. Thus, non-oil sector contribution to Azerbaijani export was lower than Georgian export in 2011. This means that increasing of total export volume of Azerbaijan is not sustainable.

Suggested Citation

  • Suleymanov, Elchin & Nuri Aras, Osman & Huseynov, Ruslan, 2013. "The Importance of Azerbaijan's Energy Revenues in its Exports Volume and the Effects on the National Economy," MPRA Paper 50723, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:50723
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/50723/8/MPRA_paper_50723.pdf
    File Function: original version
    Download Restriction: no

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Elchin Suleymanov & Osman Nuri Aras & Fakhri Hasanov, 2016. "Economic and Strategic Expectations from Trans Anatolian Natural Gas Pipeline Project," Academic Journal of Economic Studies, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 2(4), pages 23-37, December.
    2. Aliyev, Khatai, 2014. "Expected Macroeconomic Impacts of the Accession to WTO on Azerbaijan Economy: Empirical Analysis," MPRA Paper 55096, University Library of Munich, Germany.
    3. Khatai ALIYEV & Elchin SULEYMANOV, 2015. "Macroeconomic Analysis and Graphical Interpretation of Azerbaijan Economy in 1991-2012," Expert Journal of Economics, Sprint Investify, vol. 3(1), pages 40-49.
    4. repec:khe:scajes:v:4:y:2018:i:1:p:111-122 is not listed on IDEAS
    5. Suleymanov, Elchin & Hasanov, Fakhri & Nuri Aras, Osman, 2013. "Trans Anadolu Dogal Gaz Boru Hattı Projesinin Ekonomik ve Stratejik Beklentileri
      [Economıc and Strategıc Expectations from Trans Anatolıan Natural Gas Pipeline Project]
      ," MPRA Paper 52187, University Library of Munich, Germany.

    More about this item

    Keywords

    Energy Resources; Oil; Export; Azerbaijan Economy; National Budget; Inflation.;

    JEL classification:

    • D1 - Microeconomics - - Household Behavior
    • D10 - Microeconomics - - Household Behavior - - - General
    • D2 - Microeconomics - - Production and Organizations
    • O5 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies

    NEP fields

    This paper has been announced in the following NEP Reports:

    Lists

    This item is featured on the following reading lists or Wikipedia pages:
    1. Elçin Süleymanov/Biblioqrafiya/Beynəlxalq ekspert heyəti olan databazalara daxil edilmiş elmi jurnallardakı məqalələri in Wikibooks Azerbaijani ne '')

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:50723. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Joachim Winter) or (Rebekah McClure). General contact details of provider: http://edirc.repec.org/data/vfmunde.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.