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Credit Risk Modelling: Shrinkage Methods and Lasso Selection in PD Modelling (Part 2)
In the realm of statistical modeling and machine learning, regression analysis is a fundamental tool for understanding and predicting ...
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Credit Risk Modelling: Shrinkage Methods and Lasso Selection in PD Modelling (Part 1)
In the dynamic environment of the financial industry, the accurate assessment of credit risk is as a pivotal factor in maintaining the ...
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An Evaluation of the Current Situation Regarding Taxi Service Regulations in Azerbaijan, a Public Opinion Survey, and a Comparison with International Experience
Taxi service is one of the few economic sectors in Azerbaijan where there is competition. It is through this competition that prices ...
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Macroeconomic Analysis of the 2023 (January-September)
We are in the final days of 2023. The year is ending, yet year-end economic data will only be revealed in a few months. Therefore, the ...
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How Have Consumer Expectations Changed in the Last Year?
The Consumer Confidence Index (CCI) is an indicator that measures how consumers assess their financial situation and current economic ...
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The Personal Budgets of Couriers in Baku
The development of digital solutions in the service sector has opened a new form of employment – Platform to Employment (P2E). ...
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Fiscal Reforms in Azerbaijan: The Current Process and Evaluation of Its Preliminary Results
Fueled by oil revenues for a long time, Azerbaijani banks began to recover after the government’s restrictive policy in 2015. This is ...
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How Will Bitcoin Behave in the Near Future?
Part 2 – Return and Volatility Prediction In Part 1 of this series on predicting Bitcoin returns, we introduced the ...
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2023 State Budget and Non-Budgetary State Funds
The laws on the 2023 state budget and extra-budgetary funds were endorsed by Azerbaijan’s president on the last working day of last ...
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How Will Bitcoin Move?
Part 1 – Introduction, Literature Review and Data Description This first part of this article consists of introductory ...
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An Analysis of the Financing Mechanism for Social Expenditure in Azerbaijan
In the first and second parts of our study, we showed a general description of the mechanisms for social protection policy ...
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Azerbaijan’s role in natural gas supplies to Europe
On July 18, 2022, a Memorandum of Understanding on a Strategic Partnership in the Field of Energy was signed between the EU, ...
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How Have Border Closures Affected Tourism in Azerbaijan?
Azerbaijan’s land borders have been closed since March 2020. The Cabinet of Ministers last decided in March 2024 to extend ...
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Green Economy and Energy Efficiency Challenges Facing Azerbaijan
The ambitious decarbonization goals of Cop29 host Azerbaijan, with its relatively small and oil-dependent economy, the recent launch of
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Why Does Azerbaijan not Disclose the Total Number of Informal Jobs?
Informal employment remains a major challenge for developing and underdeveloped countries of the third world. The International Labor ...
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The Impact of the Pandemic on Educational Outcomes in Azerbaijan
In 2020, Azerbaijan began to implement restrictions to prevent the spread of the COVID-19 pandemic. One of the areas most affected by ...
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Forecasts for Azerbaijan’s 2024 Budget Revenues
The parliament has concluded the 2024 state budget bill debates. According to the data provided by the Ministry of Finance, the ...
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Will Azerbaijan’s Competition Code be a Tool for a Highly Monopolized Economy?
A new version of Azerbaijan’s Competition Code has now been resubmitted to parliament for debates after a long, almost seventeen-year ...
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Internal Migration in Azerbaijan: Causes, Consequences and Main Trends
As far as the development of socio-economic policy mechanisms is concerned, statistical data reflecting the real state of internal ...
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Middle Corridor: from Western-Initiated TRACECA to China’s Belt and Road Initiative
The revival of the ancient Silk Road has been a subject of interest to global and regional powers in the modern era. International ...
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Azerbaijan is Among the Exporters of the Low Value-added Variety of Products
In recent years the Azerbaijani government has emphasized the steady growth of the non-oil sector, forecasting a gradual decline in the
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Seven Contradictions of Capitalism: A Modern-Day Perspective
In the contemporary world, capitalism, as the predominant economic paradigm, is lauded for its instrumental role in spearheading ...
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How and How Much Has Azerbaijan’s Economy Grown Over the Seventeen Years?
Last year, the sum of newly created value in Azerbaijan – the gross domestic product (GDP) – exceeded 100 billion AZN, amounting to ...
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Revised Budget 2023: What has Changed?
This year, the government of Azerbaijan again resorted to the practice of amending the budget in the middle of the year, which it has ...
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BRI is a think-tank launched by independent experts aiming to provide a local and international audience with analysis, opinion and research on Azerbaijan.
