Natural Gas Prices: What Is...

In the second part of 2021, one of the main developments in the world economy was price hikes. The Azerbaijani...

6 December, 2021 / Toghrul Veliyev

Does Informal Employment Improve Livelihood...

Much of the research on income inequality, and livelihood rely on government labor and wage statistics. In emerging economies, a...

19 November, 2021 / Firuza Nahmadova

Deriving an Alternative Inflation Rate...

Inflation is one of the crucial fundamentals of an economy. It is vital to have reliable inflation numbers and their...

20 October, 2021 / Hikmat Abdulazizov

An Autocratic Middle-Class in Azerbaijan:...

The emergence of the middle class, or the mass of citizens that are in between the working class and the...

11 October, 2021 / Firuza Nahmadova

Public Procurement in Azerbaijan: Limits...

In the absence of effective mechanisms and systems, public procurement becomes a huge source of large-scale corruption. In particular, with...

1 October, 2021 / Rovshan Aghayev

Real Unemployment Measurement in Azerbaijan

According to Michalski & Stoltz the traditional approach maintains that governments strategically lie to the public about economic information. The...

27 September, 2021 / Hikmat Abdulazizov

The Effect of Monetary Sovereignty...

The current COVID-19 crisis has led to debates about the problem of unsustainable government deficits and public debt.  Many countries...

13 September, 2021 / Leon Damian

Can Energy Transition Drive Governance...

The transition from conventional fuel to renewable energy is already a serious necessity. Climate change and decarbonization targets leave no...

20 August, 2021 / Ingilab Ahmadov

HR Data Analytics Using Statistical...

Part 2 – Who Will Leave?   In Part 1[i], we estimated the probability or the label of the promotion...

19 July, 2021 / Hikmat Abdulazizov

Azerbaijan's COVID-19 Expenditures and Transparency

This article analyzes the transparency and accountability of Azerbaijan's COVID-19 expenditures. The module on COVID-19 expenditures developed by the creators...

2 July, 2021 / Ingilab Ahmadov

Can the Transition to Compulsory...

The phased introduction of compulsory medical insurance in Azerbaijan, which began in early 2020, has finally ended: since April 1,...

18 June, 2021 / Azer Mehtiyev

Azerbaijan’s Integration in the BRI...

The World Trade Organization (WTO) was created in continuation of the General Agreement on Tariffs and Trade (GATT) to achieve...

24 May, 2021 / Firuza Nahmadova

The Azerbaijani Banking Sector During...

As it was for other sectors of Azerbaijan’s economy, 2020 was full of hardships for the banking sector. On the...

3 May, 2021 / Samir Aliyev

HR Data Analytics Using Statistical...

Part 1 – Promotion Nowadays, human resources (HR) analytics are at the center of attention in academic research. With increased...

2 May, 2021 / Hikmat Abdulazizov

Regional Differences in Housing: A...

An analysis of the long-term trends in the dynamics of the housing stock is interesting in several respects. If the...

1 May, 2021 / Rovshan Aghayev

The Second City Effect in...

In his book, The Rise and Fall of Nations, Ruchir Sharma, head of emerging markets at Morgan Stanley, a US...

8 April, 2021 / Rovshan Aghayev

Maritime Trade and Environmental Cooperation...

Since the 10 November 2020 ceasefire agreement, Turkey has been showing a growing interest in securing its position in the...

6 April, 2021 / Firuza Nahmadova

Why Is It Impossible To...

It is easy to measure the quantity of housing in Azerbaijan because, according to the reports submitted by various agencies...

22 March, 2021 / Rovshan Aghayev

The Minimum Wage and Wage...

According to the Labor Code, the minimum wage is a social norm that determines the minimum level of monthly wages...

9 March, 2021 / Farid Mehralizadeh

Influence through Trade: Russia's Power...

While Azerbaijan came out of the Second Karabakh War a winner, its Russian neighbor might be pursuing other objectives than...

5 March, 2021 / Firuza Nahmadova

Changing the Economy Without Changing...

On February 2, the national priorities for the socio-economic development of Azerbaijan over the next 10 years were set by...

26 February, 2021 / Rovshan Aghayev

Scaling Laws in Stock Prices

In Glattfelder, Dupuis and Olsen (2011) and several previous articles, it has been shown that there is a shortage of...

8 February, 2021 / Hikmat Abdulazizov

Assessment of the impact of...

The global pandemic declared by the World Health Organization in March 2020 in response to the COVID-19 virus, which spread...

28 January, 2021 / BRI Economic Team

Əkizlər datası kontekstində təhsilin gəlirliliyi

Sorry, this entry is only available in Azerbaijani.

8 January, 2021 / Hikmat Abdulazizov

Pandemic 2020: Key Outcomes for...

The year 2020 has already entered history as a year of a global pandemic, almost half of which was spent...

24 December, 2020 / Rovshan Aghayev

How the 2008 and COVID-19...

Among economists, it is common practice to compare and contrast economic crises, and to try to ascertain root causes and...

1 December, 2020 / Leon Damian

Housing and Wealth Inequality in...

Housing affordability is viewed by many as a way of assessing the socioeconomic stability of a country. Housing being one...

23 November, 2020 / Firuza Nahmadova

How Can the Heads of...

President Aliyev's instructions to the heads of local executive authorities to attract investors to the provinces at any cost are...

7 November, 2020 / Rovshan Aghayev

Azerbaijan-China relations 

The modern era of Azerbaijan-China relations began with the People’s Republic of China’s recognition of Azerbaijan’s independence on December 27,...

22 September, 2020 / Shahin Jafarli

Vector-Autoregressive Analysis of the Exchange...

In Azerbaijan, the exchange rate follows a fixed exchange rate regime. Moreover, Azerbaijan is a heavily oil-dependent country. That is...

1 September, 2020 / Hikmat Abdulazizov

The Austerity Era and Its...

In 2008 when the financial crisis hit the USA and sent shock waves around the world, most major countries began...

23 August, 2020 / Leon Damian

SOCAR: Big Problems at the...

At an online meeting on August 6 between President Ilham Aliyev and several ministers on the socio-economic situation and the...

21 August, 2020 / Samir Aliyev

Azerbaijan 2030: A Vision of...

In 2012, the development concept "Azerbaijan 2020: A Vision of the Future" was ratified. In terms of economic development 8...

16 August, 2020 / BRI Economic Team

The Next Wave of Privatization...

In a period of economic stagnation in Azerbaijan, a discussion has been growing around the issue of privatization. Amidst the...

6 August, 2020 / Farid Mehralizadeh

Azərbaycanda Məzənnənin Vektor Avtoreqressiv Analizi...

Sorry, this entry is only available in Azerbaijani.

24 July, 2020 / Hikmat Abdulazizov

The Attempts to Make the...

The Caspian region is landlocked although the water basin is called a sea. However, there is no outflow from the...

20 July, 2020 / Agshin Mukhtarov

Social development in Azerbaijan: illusion...

In Azerbaijan, over the past 15 years, a total of more than 80 billion USD has been spent on social...

20 June, 2020 / Ingilab Ahmadov

Fiscal Theory of Price Level:...

In this paper, we will investigate the relationship between public debt and primary government surplus in Turkey from 1988 to...

5 June, 2020 / Hikmat Abdulazizov

The deposit insurance mechanism: Protecting...

The decision of the Central Bank to close 4 banks raised again the issue of the shortcomings in the deposit...

25 May, 2020 / Samir Aliyev

Budget Transparency and New Challenges...

We are entering a new era, the details of which we can not yet fully imagine. But it seems clear...

22 May, 2020 / Ingilab Ahmadov

Direction Of Change Forecasting Using...

In the financial econometric literature there is significant evidence that stock market returns are, to a certain degree, predictable. The...

20 May, 2020 / Hikmat Abdulazizov

Ekonometrikanın Təbiəti və İqtisadi Data

Sorry, this entry is only available in Azerbaijani.

26 April, 2020 / Hikmat Abdulazizov

The Threat of Economic Crisis:...

In a previous article, I analyzed the state of households. The main conclusion was that households had greater immunity in...

23 April, 2020 / Rovshan Aghayev

The Trans-Caspian Corridor: the shortest...

The Caspian Sea is a water basin located in the heart of Central Asia, neighboring natural resource-rich countries. The existing...

14 April, 2020 / Agshin Mukhtarov

The Threat of an Economic...

The catastrophic disruption of the global economy brought about by the COVID-19 pandemic has caused an earthquake in world oil...

11 April, 2020 / Rovshan Aghayev

Why Are Consumer Loans on...

Recently, in economic discussions, one of the topics that government officials have been most concerned about is the increase in...

2 April, 2020 / Farid Mehralizadeh

Changes to the tax system...

In 2019-2020, more than 250 amendments were made to the Tax Code. These changes have been particularly significant in reducing...

12 March, 2020 / BRI Economic Team

The Impact of Oil Price...

In the contemporary industrialized world, crude oil is still essential for economic development. Yet countries are affected by fluctuations in...

9 March, 2020 / Farid Zulfugarli

Parlamentdə iqtisadi qərarların qəbulu: nəyi...

Sorry, this entry is only available in Azerbaijani.

11 February, 2020 / Rovshan Aghayev

Forecasting Methodology for Macroeconomic Variables...

It is known that macroeconomic data in Azerbaijan has its own characteristics, reliability being the most important. By that I...

13 January, 2020 / Hikmat Abdulazizov

2020-ci il üçün büdcə xərcləmələri:...

Sorry, this entry is only available in Azerbaijani.

29 December, 2019 / Rovshan Aghayev

The Azerbaijani Parliament’s Budget Discussions

The Azerbaijani parliament has essentially finished discussing the 2020 budget - the next two sessions are formalities. For many years,...

19 November, 2019 / Rovshan Aghayev

The Main Macroeconomic Trends of...

It is two months until the end of 2019. In order to estimate the results expected at the end of...

14 November, 2019 / BRI Economic Team

Job Creation Statistics: Are the...

The official statistical agency of Azerbaijan is perhaps one of the few such agencies in the world that produces and...

3 October, 2019 / Rovshan Aghayev

The Trans-Caspian Knot: Why Does...

After the collapse of the USSR, Caspian hydrocarbon resources began to be exploited independently by the states along its coasts....

23 September, 2019 / Shahin Jafarli

Baku Without a Mayor

For the last 20 years, the Azerbaijani capital, Baku, has been experiencing continuous demolitions, constructions, and excavations. While some residents...

9 September, 2019 / Samir Aliyev

Azerbaijan’s Rapidly Aging Automotive Fleet

The "golden decade" of oil wealth in Azerbaijan (2005-2015) was also marked by the rapid growth of the country's automotive...

30 August, 2019 / Rovshan Aghayev

Why Are Interest Rates High?

The issue of high annual interest rates is currently a hot topic. When this problem is raised, mutual accusations begin,...

23 July, 2019 / Samir Aliyev

Rising Salaries, a Changing Budget,...

On June 18, Azerbaijan’s president issued 17 different orders increasing salaries. One of those orders is related to an increase...

8 July, 2019 / Rovshan Aghayev

Can the Development Model of...

We definitely live in the anthropocene. That is to say that due to steady economic growth, nature is subject to...

11 June, 2019 / Ilaha Abasli

Reform Debates: What Real Reforms...

The topic of reform has been a theme of official propaganda for the last four years. It seems that it...

3 June, 2019 / Rovshan Aghayev

Structural Reforms in Azerbaijan

In order to create favorable conditions for economic development and to ensure dynamic development in Azerbaijan, structural reforms are very...

13 May, 2019 / Farid Mehralizadeh

The Country with the Lowest...

The 2018 United Nations Human Development Report can be viewed as a source that everyone can reference with pride. According...

7 May, 2019 / Rovshan Aghayev

The Exchange Rate Policies of...

Periodically in the international press, there are heated debates about international currency wars. Countries accuse one another of stimulating exports...

2 May, 2019 / Samir Aliyev

Azerbaijan’s Earnings from Foreign Tourism:...

Excluding natural resources, tourism is at the top of the list of the priority sectors selected by the Azerbaijani government....

25 April, 2019 / Rovshan Aghayev

Outcomes of Azerbaijani Economy in...

  2018 ECONOMIC OUTCOMES (macroeconomic, monetary, and financial results) Introduction In 2015-2016, Azerbaijan faced a deep economic crisis brought on...

25 February, 2019 / BRI Economic Team

Azerbaijan’s Foreign Economic Relations in...

  Azerbaijan’s Foreign Economic Relations in 2018 (January-September)   Contents 1. Amendments to Legislation on Foreign Economic Relations 2.  Structure...

29 January, 2019 / BRI Economic Team

Azerbaijani Banks in 2018 (from...

  Azerbaijani Banks in 2018 (from January through September)   Contents   Introduction Changes in banking legislation Banks and concentration...

7 January, 2019 / BRI Economic Team

“Evdar məşğulluq”: İşsizləri udan sirli...

Sorry, this entry is only available in Azerbaijani.

21 December, 2018 / Rovshan Aghayev

Survey Analysis On The Current...

1.The survey objective and scope It is crucial to study business expectations in terms of assessing the business environment in...

13 November, 2018 / BRI Economic Team

Foreign Direct Investment in Azerbaijan’s...

It is of particular importance for Azerbaijan, seeking to reduce reliance on oil and gas revenues by diversifying its economy...

23 October, 2018 / Azer Mehtiyev

Azerbaijan’s Participation Opportunities in the...

The service sector is usually ignored during the public debate on how to reduce Azerbaijan’s excessive reliance on resource revenues....

3 September, 2018 / Rovshan Aghayev

The Effect of Remittances on...

In 41 years, starting from 1964, the remittances from Germany to Turkey amounted to approximately 53 billion U.S. dollars, more...

16 August, 2018 / Hikmat Abdulazizov

The Economy of Azerbaijan in...

  Table of Contents INTRODUCTION                               ...

14 August, 2018 / BRI Economic Team

Capital Flight: Does the Balance...

  Capital movements: legal and illegal channels From the experience of different countries, capital outflows occur in 2 ways: through...

26 June, 2018 / BRI Economic Team

Entrepreneurs Left Without Money

The devaluation that took place in 2015 has created a number of problems not only for the the banking sector,...

2 June, 2018 / Samir Aliyev

The Social Protection of Mothers...

Securing an effective social protection of children under the age of 18 is a strategic task for responsible and accountable...

24 May, 2018 / BRI Economic Team

The Richest Poor

Although the title sounds strange, according to official statistics, the poor population in Azerbaijan receive a greater share of income...

23 May, 2018 / Rovshan Aghayev

Analysis of main problems facing...

While the history of Azerbaijan's gaining extensive resource revenues is relatively short (less than 10 years), this timeframe was sufficient...

21 May, 2018 / BRI Economic Team

How did Azerbaijani banks face...

  A retrospective view on the banking sector for the past five years Oil prices decline in global commodity markets...

2 May, 2018 / BRI Economic Team

Statistics that can’t hide the...

The official statistics has to be reliable; otherwise economic decisions cannot meet either present or long-term goals.  For example, if...

2 May, 2018 / Rovshan Aghayev

The Effect of Declining Oil...

Changes in household savings, and in nominal and real income In assessing real changes in standards of living, it is...

1 May, 2018 / BRI Economic Team

Why does Azerbaijan’s score on...

The Open Budget Survey 2017 full report that includes 115 countries across the world was released at the end of...

1 May, 2018 / Azer Mehtiyev

Can the minimum wage meet...

A minimum wage is the minimum amount of remuneration that an employer is required to pay wage earners. In other...

30 April, 2018 / Samir Aliyev

Capital and Regions: Main Socio-Economic...

One of the important conditions for sustainable and balanced development is interregional economic balance. However, this cannot be applied to...

25 April, 2018 / BRI Economic Team