The Impact of Oil Price Shocks on National Income: Evidence from Azerbaijan
نویسندگان
چکیده
This study investigates the influence of oil price shocks on GDP per capita, exchange rate, and total trade turnover in Azerbaijan using Structural Vector Autoregressive (SVAR) method to data collected from 1992 2019. The estimation results SVAR conclude that (rise prices) affect capita positively, whereas its rate is negative case Azerbaijan. According this study, similar oil-exporting countries should reduce dependence resources prices global market. Therefore, these attempt diversification other sources turnover.
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ژورنال
عنوان ژورنال: Energies
سال: 2021
ISSN: ['1996-1073']
DOI: https://doi.org/10.3390/en14061695