Management of Oil Revenues: Has That of Azerbaijan Been Prudent?

To help explain the common failure of oil or other natural resource exporting countries to diversify into industry, it has been common to trace this failure to real exchange rate appreciation. This has also been done in Azerbaijan. However, because Azerbaijan has devoted so much of its oil revenues...

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Bibliographic Details
Main Authors: Sarvar Gurbanov, Jeffrey B. Nugent, Jeyhun Mikayilov
Format: Article
Language:English
Published: MDPI AG 2017-06-01
Series:Economies
Subjects:
Online Access:http://www.mdpi.com/2227-7099/5/2/19