The Effects of Oil Prices on Macroeconomic Variables: Evidence from Azerbaijan

<p>This study investigates the impact of oil prices on economic growth, export, inflation and exchange rate in Azerbaijan, employing Johansen cointegration and VECM methods to the data spanning from 2005:01 to 2019:01. The results from the Johansen cointegration method confirm the presence of...

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Bibliographic Details
Main Authors: Shahriyar Mukhtarov, Sannur Aliyev, Javid Zeynalov
Format: Article
Language:English
Published: EconJournals 2019-11-01
Series:International Journal of Energy Economics and Policy
Online Access:https://www.econjournals.com/index.php/ijeep/article/view/8446