Petrol Zengini Türk Ülkelerinde Volatilite, Çeşitlendirme ve Petrol Krizi

Year 2017, Issue: 83 - Special Issue on Eurasian Political Economy, 303 - 329, 31.10.2017

Vugar Bayramov Laman Orujova

Abstract

Makale üç petrol-zengini Hazar havzası ülkelerinde: Kazakistan, Azerbaycan ve Türkmenistanda ekonomik ve ihracat çeşitlendirmesinin
mevcut seviyesini analiz ediyor ve Petrol fiyatlarındaki son dönem
krizine karşı bu ekonomilerin yüksek hassasiyeti ile ilgili nedenleri
ortaya çıkarmaya çalışıyor. Diğer tarafdan, bu ekonomiler sözde subsizide edilen ekonomiler açısından değerlendirilmektedir; bu türden
ekonomiler kamu harcamaları ve cari tüketim harcamaları ile tahrik
edilir. Bu durumda kamu harcamaları ve cari tüketim karşılaşılan büyük petrol gelirleri sonucunda parasal enjeksiyonlarla körükleniyor.

Keywords

Ekonomik çeşitlendirme, petrole bağımlılık, subsidize edilen ekonomiler, Kazakistan, Azerbaycan, Türkmenistan

Volatility, Diversification and Oil Shock in Resource-Rich Turkic Countries: Avenues for Recovery

Abstract

The paper analyses the current level of economic and export diversification in three resource-rich Caspian basin Countries: Kazakhstan,
Azerbaijan and Turkmenistan and attempts to reveal the underlying
causes of high vulnerability of these economies to the recent oil price
shock. On the other hand, the economies are evaluated in the light
of so called subsidized economies, e.g. an economy mainly driven by
public spending and current consumption expenditure. The latter in
this case are mainly fueled by monetary injections as a result of large
resource windfalls encountered by an economy. 

Keywords

Economic diversification, oil dependence, subsidized economies, Kazakhstan, Azerbaijan, Turkmenistan

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