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Oil Money vs. Economic Crisis: The Case of Azerbaijan

Author

Listed:
  • Alexander Chubrik
  • Mateusz Walewski

Abstract

The 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.

Suggested Citation

  • Alexander Chubrik & Mateusz Walewski, 2010. "Oil Money vs. Economic Crisis: The Case of Azerbaijan," CASE Network E-briefs 06, CASE-Center for Social and Economic Research.
    • Handle: RePEc:sec:ebrief:1006
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    File URL: https://case-research.eu/upload/publikacja_plik/29187964_E-Brief_ChubrikWalewski_6_2010.pdf
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    Cited by:

    1. Richard Pomfret, 2011. "Exploiting Energy and Mineral Resources in Central Asia, Azerbaijan and Mongolia," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 53(1), pages 5-33, March.

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