EMPIRICAL ANALYSES OF THE DUTCH DISEASE IN AZERBAIJAN’S ECONOMY

Download

Uzeyir Safarli-2394666.pdf

Date

2022-12

Author

Safarli, Uzeyir

Metadata

Show full item record

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Item Usage Stats

182
views

199
downloads

Dutch Disease syndrome has been frequently investigated in the literature and observed as a threat to the resource-rich economies. Basically, it describes a phenomenon which increasing activity in a booming resource sector harms overall economy and decreases growth. This thesis analyzes effects of the petroleum sector employing various indicators ( export of the petroleum sector, transfers from SOFAZ, and price shocks) on various units of the economy namely GDP growth, output in the non-oil tradable sector, REER, government expenditure, and investment expenditure for Azerbaijan’s economy under the topic of “Dutch Disease”. Employing VAR methodology this analysis covers 20 years between 2001 and 2020 using quarterly data. Granger Causality test, Impulse-Response analysis, and Variance Decomposition features of the VAR models are used in this paper. The main conclusion of this analysis is that Azerbaijan’s economy is not suffering from the Dutch Disease. Although REER appreciates because of the increasing activity in the booming sector, it is not followed by the negative affection of the GDP growth and the non-oil tradable sector. The investigations revealed that the main reason behind that is the subsidization of the non-oil sector with the transfers directed from SOFAZ. Additionally, analysis of the possible asymmetric effects of the negative and positive price shocks revealed that although positive price shocks affect the economy positively, negative price shocks fail to cause downturns in the economy. It is concluded that this is the result of policies aiming to prevent the consequences of the negative price shocks. Overall, it is hard to claim that the petroleum sector negatively affected the growth.

Subject Keywords

Azerbaijan, Dutch Disease, natural resources, Vector Autoregression

URI

https://hdl.handle.net/11511/101301

Collections

Graduate School of Social Sciences, Thesis

Suggestions

OpenMETU
Core

How can we improve foodborne disease surveillance systems: A comparison through EU and US systems Yenı, F.; Acar, Sibel; Soyer, Yeşim; Alpas, Hami (2017-01-01) Foodborne diseases remain a major threat to global public health. Problems in detecting the threats at early stages in the supply chain due to defects in surveillance systems cannot be ignored. The primary goal of this article is to evaluate the capabilities of foodborne disease surveillance systems known for their effectiveness and functionality in order to highlight solutions for preventing and managing the outbreaks more effectively. For this purpose, early detection, notification and monitoring systems ...
Investigation of the impacts of linkage disequilibrium on SNP selection studies Kantar Özçırpan, Ekin; Weber, Gerhard Wilhelm; İyigün, Cem; Department of Biomedical Engineering (2015) In many Genome Wide Association Studies (GWAS), the relation between SNPs and complex diseases has being tried to reveal. Moreover it is known that, in GWAS there exist a high amount of data which include relations between SNPs, phenotypes and diseases, etc. Many algorithms have been used to be able to reach the desired information from this huge data. Therefore, in this study, an algorithm one of whose important steps is based on linkage disequilibrium(LD), was constructed to eliminate the redundant inform...
Risk analysis based on spatial analysis of chronic obstructive pulmonary disease (COPD) with respect to provinces in Turkey Ciftci, Sezgin; Duzgun, Sebnem; Başbuğ Erkan, Berna Burçak (2014-03-15) The goal of this study is to analyze and understand the risks of chronic obstructive pulmonary disease (COPD) with respect to the provinces of Turkey according to the results of spatial analysis.
An analysis of the incidence of measles in Turkey since 1960 Caliskan, Deniz; Piyal, Birgul; Akdur, Recep; Ocaktan, Mine Esin; Yozgatlıgil, Ceylan (2016-01-01) Background/aim: The aims of this study were to evaluate measles incidence and the effect of elimination strategy interventions on the disease from 1960 to 2014 in Turkey. The administration of measles vaccine started in the rural regions in 1970; it was carried out as a campaign along with the National Vaccine Campaign in 1985, and it has been employed as combined measles, mumps, and rubella under the scope of the Measles Elimination Program (MEP) since 2006 in Turkey. While a dramatic decrease in the repor...
Statistical estimation applied to electrocardiographic imaging Serinağaoğlu Doğrusöz, Yeşim (2019-05-01) Cardiovascular diseases are among the leading causes of death all over the world. Researchers have been extensively working on methods for early diagnosis and treatment of these diseases, with the goal of decreasing these death tolls. In Electrocardiographic Imaging (ECGI), the electrical activity of the heart is estimated from electrocardiographic measurements obtained from the body surface, using densely distributed electrodes, and a mathematical model of the body. This technique has advantages over class...

Citation Formats

U. Safarli, “EMPIRICAL ANALYSES OF THE DUTCH DISEASE IN AZERBAIJAN’S ECONOMY,” M.S. - Master of Science, Middle East Technical University, 2022.