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11. 2021 State Budget of Azerbaijan: Independent View

Author:
Narmina Gasimova
Publication Date:
12-2020
Content Type:
Working Paper
Institution:
Center for Economic and Social Development (CESD)
Abstract:
Restoring its territorial integrity, the Republic of Azerbaijan has entered a new era. The state authorities have to carry out restructure and infrastructure building tasks in the liberated territories to provide energy, utilities, transport infrastructure, and create conditions for life and business of citizens returning to their native lands. Therefore, one of the main features of the state budget for 2021 is the creation of financial security to implement the aforementioned honorable and responsible tasks. Along with their implementation, the budget for 2021 envisages the creation of financial guarantees for further improvement of the people's welfare, sustainable economic development, and implementation of state programs.
Topic:
Energy Policy, Infrastructure, Budget, Economy, Transportation, and Utilities
Political Geography:
Azerbaijan and South Caucasus

12. The Azerbaijani economy in the first nine months of 2019: Brief Overview

Author:
CESD Research Team
Publication Date:
10-2019
Content Type:
Special Report
Institution:
Center for Economic and Social Development (CESD)
Abstract:
CESD – the Center for Economic and Social Development – concluded its macro-economic survey results for the first nine months of 2019. According to the State Statistic Committee of Azerbaijan, Gross Domestic Product (GDP) increased by 2.5 % in January-September 2019 compared with the same period of previous year: The CESD’s figure for the same period was 2.0 %.
Topic:
Development, Budget, Economy, and Macroeconomics
Political Geography:
Eurasia, Caucasus, and Azerbaijan

13. Azerbaijan’s Tourism Sector – Opportunities and Obstacles

Author:
Madina Hashimli
Publication Date:
08-2019
Content Type:
Working Paper
Institution:
Center for Economic and Social Development (CESD)
Abstract:
This research paper is a comprehensive study of the Azerbaijani government’s strategies for the tourism sector. It will gauge the government’s policy in affecting tourist patterns and explore whether the existing capacity of tourist infrastructure is aligned with the government’s goals. It will be suggested that several issues, such as targeted visa regimes, high prices in air transportation, and lack of adequate accommodations, detract from the sustainable development of the tourism sector in Azerbaijan and, as such, must be addressed by the government in order to make full use of the potential of this sector.
Topic:
Government, Tourism, and Economy
Political Geography:
Eurasia, Caucasus, and Azerbaijan

14. The Azerbaijani economy in the first half of 2019: Brief Overview

Author:
CESD Research Team
Publication Date:
08-2019
Content Type:
Special Report
Institution:
Center for Economic and Social Development (CESD)
Abstract:
CESD – the Center for Economic and Social Development – concluded its macro-economic survey results for the first half of 2019. According to the State Statistic Committee of Azerbaijan, Gross Domestic Product (GDP) increased by 2.4 % in January-June 2019 compared with the same period of previous year: The CESD’s figure for the same period was 2.0 %. The GDP totaled 37,825 billion manat ($22,250 billion USD) in the first half of 2019.
Topic:
Development, GDP, Economy, and Macroeconomics
Political Geography:
Eurasia, Caucasus, and Azerbaijan

15. The Economy of Azerbaijan in 2015: Independent View

Author:
CESD Research Team
Publication Date:
01-2016
Content Type:
Working Paper
Institution:
Center for Economic and Social Development (CESD)
Abstract:
In 2015, the expansion of the US economy accompanied with improved employment rates led the FED to switch to contractionary monetary policy. On the other hand, the second largest economic power-China encountered a lower long-term economic growth rate with a fall in exports, and thereby adversely affecting global economic activity. Moreover, the rapid decline of prices in global fuel markets, owing to fundamental and political reasons, resulted in an economic downturn in countries reliant on their fuel exports, while importers experienced a higher economic activity in parallel with lower inflation expectations. Since the monetary and economic policies were originally anchored to the oil price of 90 USD, the average of 53.4 USD resulted in an economic imbalance, and ultimately leading to the second sharp devaluation at the end of the year (21.12.2015). That is to say, the Central Bank could no longer pursue the fixed exchange rate regime, and switched to the floating regime.
Topic:
Economics, Monetary Policy, Economy, and Currency
Political Geography:
Azerbaijan and South Caucasus

16. The response of Turkey and Russia after Jet Crisis and the implications for the South Caucasus

Author:
Cristina Juan Carrion, Gulnara Abbas, and Ibrahim Ibrahimov
Publication Date:
01-2016
Content Type:
Working Paper
Institution:
Center for Economic and Social Development (CESD)
Abstract:
In 2016 and years thereafter, the economies of Turkey and Russia will experience considerable change due to sanctions imposed by the Russian government as a response to the downing of a Russian warplane in November 2015.The dissolution of Russian-Turkish ties has also affected neighboring regions, especially the South Caucasus. As a result, there will be a transformation in economic, political, demographical and social trends. The sectors of agriculture, energy and especially tourism will face tremendous changes with the performance of new key players.
Topic:
Agriculture, Energy Policy, Migration, Labor Issues, Tourism, Sanctions, Economy, and Transportation
Political Geography:
Russia, Eurasia, Turkey, Middle East, and South Caucasus

17. Devaluation of Azerbaijani National Currency; Causes and Consequences

Author:
CESD Research Team
Publication Date:
02-2015
Content Type:
Working Paper
Institution:
Center for Economic and Social Development (CESD)
Abstract:
Starting on February 21st, 2015 the official exchange rate of the dollar to the manat, the Azerbaijani national currency, has been set at 1.05 manat, which is 33.86 percent higher than the exchange rate set prior to the beginning of the exchange rate weakening process. The Azerbaijani national currency has been depreciated against US dollar for the first time since 2006. Since the sharp drop of crude oil prices in the world market in the fall of 2014, the Central Bank of Azerbaijan has faced the dilemma of either a sharp depreciation or a gradual devaluation of the manat. In fact, the Central Bank has announced that a sharp depreciation would not be in the government’s agenda in the near future. But, just two days after the Central Bank’s governor’s official declaration on not having a sharp depreciation, the national currency of Azerbaijan has lost its value against major foreign currencies by 33.86 %. The Manat’s rate dropped to 1.05 from 0.78 against to US dollar.
Topic:
Economy, Exchange Rate Policy, Central Bank, and Currency
Political Geography:
Azerbaijan and South Caucasus

18. Assessment of the Effect of Declining Oil Prices on Azerbaijan Economy

Author:
CESD Research Team
Publication Date:
12-2014
Content Type:
Working Paper
Institution:
Center for Economic and Social Development (CESD)
Abstract:
The main goal of this study is to assess how the oil price decline in the world market will potentially impact the Azerbaijani Economy. The paper specifically looks at how last changes in the world market will affect both the revenue and expenditure sides of the state budget. The study also examines the “side impact” and “domino effects” of low oil prices.
Topic:
Markets, Oil, Economy, Economic Growth, and Currency
Political Geography:
Azerbaijan and South Caucasus

19. Azerbaijan’s foreign trade; Comparative Analysis

Author:
CESD Research Team
Publication Date:
03-2012
Content Type:
Working Paper
Institution:
Center for Economic and Social Development (CESD)
Abstract:
The CESD report on Azerbaijan’s foreign trade analyzes challenges and current developments in this sector. The paper reviews how foreign trade relations changed particularly in terms of countries and commodities since the independency. Different sources are referenced in the report in order to comparatively illustrate existing circumstances in above mentioned sector,
Topic:
International Trade and Finance, Oil, Economy, and Trade
Political Geography:
Azerbaijan and South Caucasus

20. Iran's Economy: On the Background of the New Sanctions

Author:
CESD Research Team
Publication Date:
07-2012
Content Type:
Working Paper
Institution:
Center for Economic and Social Development (CESD)
Abstract:
CESD has produced new paper on Iranian economy on the background of the new sanctions. The paper looks current situation of Iranian economy, potential impacts of new sanctions, Iranian relations with West, neighbors as well as with Azerbaijan. The paper also focuses on social and economic impacts of new sanctions not only on Iranian economy but also Iranian population.
Topic:
International Relations, Sanctions, Population, and Economy
Political Geography:
Iran, Middle East, Azerbaijan, and South Caucasus