Araştırma Makalesi

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

Sayı: 83 31 Ekim 2017
  • Vugar Bayramov *
  • Laman Orujova
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Volatility, Diversification and Oil Shock in Resource-Rich Turkic Countries: Avenues for Recovery

Öz

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. 

Anahtar Kelimeler

Kaynakça

  1. Abdygaliyeva G. et al. (2007). “Economic Diversification in The Republic of Kazakhstan Through Small and Medium Enterprise Development: Introducing New Models of Funding for SME’s”. Center for Marketing and Analytical Research Report.
  2. Aleksandrova S. (2016). “Impact of Oil Prices on Oil Exporting Countries in the Caucasus and Central Asia”. Economic Alternatives 4.
  3. Aslanli N. et al. (2013). “Assessment of Economic and Export Diversification: Azerbaijan”. Revenue Watch Institute Report.
  4. Atkinson G. and K. Hamilton (2003). “Savings, Growth and the Resource Curse Hypothesis”. World Development 31 (11): 1793–1807.
  5. Auty R. M. (1998). “Resource Abundance and Economic Development: Improving Performance for Resource-Rich Countries”. UNU-WIDER Research in Action 44.
  6. Dabrowski M. (2016). “Currency crises in post-Soviet economies— a never ending story?”. Russian Journal of Economics 2: 302-326.
  7. Esanov A. (2012a). “Economic Diversification: Dynamics, Determinants and Policy Implications”. Revenue Watch Institute Report.
  8. Esanov A. (2012b). “Economic Diversification: The Case for Kazakhstan”. Revenue Watch Institute Report.

Ayrıntılar

Birincil Dil

İngilizce

Konular

-

Bölüm

Araştırma Makalesi

Yazarlar

Vugar Bayramov * Bu kişi benim
Azerbaijan

Laman Orujova Bu kişi benim
Azerbaijan

Yayımlanma Tarihi

31 Ekim 2017

Gönderilme Tarihi

26 Ekim 2016

Kabul Tarihi

-

Yayımlandığı Sayı

Yıl 2017 Sayı: 83

Kaynak Göster

APA
Bayramov, V., & Orujova, L. (2017). Volatility, Diversification and Oil Shock in Resource-Rich Turkic Countries: Avenues for Recovery. Bilig, 83, 303-329. https://izlik.org/JA49AE85UJ
AMA
1.Bayramov V, Orujova L. Volatility, Diversification and Oil Shock in Resource-Rich Turkic Countries: Avenues for Recovery. Bilig. 2017;(83):303-329. https://izlik.org/JA49AE85UJ
Chicago
Bayramov, Vugar, ve Laman Orujova. 2017. “Volatility, Diversification and Oil Shock in Resource-Rich Turkic Countries: Avenues for Recovery”. Bilig, sy 83: 303-29. https://izlik.org/JA49AE85UJ.
EndNote
Bayramov V, Orujova L (01 Ekim 2017) Volatility, Diversification and Oil Shock in Resource-Rich Turkic Countries: Avenues for Recovery. Bilig 83 303–329.
IEEE
[1]V. Bayramov ve L. Orujova, “Volatility, Diversification and Oil Shock in Resource-Rich Turkic Countries: Avenues for Recovery”, Bilig, sy 83, ss. 303–329, Eki. 2017, [çevrimiçi]. Erişim adresi: https://izlik.org/JA49AE85UJ
ISNAD
Bayramov, Vugar - Orujova, Laman. “Volatility, Diversification and Oil Shock in Resource-Rich Turkic Countries: Avenues for Recovery”. Bilig. 83 (01 Ekim 2017): 303-329. https://izlik.org/JA49AE85UJ.
JAMA
1.Bayramov V, Orujova L. Volatility, Diversification and Oil Shock in Resource-Rich Turkic Countries: Avenues for Recovery. Bilig. 2017;:303–329.
MLA
Bayramov, Vugar, ve Laman Orujova. “Volatility, Diversification and Oil Shock in Resource-Rich Turkic Countries: Avenues for Recovery”. Bilig, sy 83, Ekim 2017, ss. 303-29, https://izlik.org/JA49AE85UJ.
Vancouver
1.Vugar Bayramov, Laman Orujova. Volatility, Diversification and Oil Shock in Resource-Rich Turkic Countries: Avenues for Recovery. Bilig [Internet]. 01 Ekim 2017;(83):303-29. Erişim adresi: https://izlik.org/JA49AE85UJ

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