How to Deal with Azerbaijan's Oil Boom?: Policy Strategies in a Resource-Rich Transition Economy
The petroleum-rich former Soviet republics around the Caspian Sea face the dual challenge of managing the transition to a market economy and a booming resource sector. This paper examines this challenge with particular reference to Azerbaijan. The standard "Dutch disease" model is modified...
Gespeichert in:
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
International Monetary Fund
1998
|
| Schriftenreihe: | IMF Working Papers
Working Paper No. 98/6 |
| Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
| Zusammenfassung: | The petroleum-rich former Soviet republics around the Caspian Sea face the dual challenge of managing the transition to a market economy and a booming resource sector. This paper examines this challenge with particular reference to Azerbaijan. The standard "Dutch disease" model is modified to capture the special conditions of transition economies, with specific attention to the pattern of real exchange rate movement. "Transition factors" are found to add to the speed of real appreciation. Non-oil sectors may suffer, but less through the real appreciation than through transition-specific structural problems. The paper describes a medium-term policy strategy for Azerbaijan, relating its prospects to the experience in the 1970s of Ecuador, Indonesia, and Nigeria. The adverse effects of the Dutch disease may be avoided if Azerbaijan pursues policies to promote savings and open trade, and strengthens the supply side through structural policies |
| Beschreibung: | 1 Online-Ressource (43 p) |
| ISBN: | 1451929161 9781451929164 |
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| illustrated | Not Illustrated |
| index_date | 2024-07-03T20:13:24Z |
| indexdate | 2024-07-10T09:35:32Z |
| institution | BVB |
| isbn | 1451929161 9781451929164 |
| language | English |
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| oclc_num | 1337125981 |
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| record_format | marc |
| series2 | IMF Working Papers |
| spelling | Rosenberg, Christoph B. Verfasser aut How to Deal with Azerbaijan's Oil Boom? Policy Strategies in a Resource-Rich Transition Economy Rosenberg, Christoph B Washington, D.C International Monetary Fund 1998 1 Online-Ressource (43 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 98/6 The petroleum-rich former Soviet republics around the Caspian Sea face the dual challenge of managing the transition to a market economy and a booming resource sector. This paper examines this challenge with particular reference to Azerbaijan. The standard "Dutch disease" model is modified to capture the special conditions of transition economies, with specific attention to the pattern of real exchange rate movement. "Transition factors" are found to add to the speed of real appreciation. Non-oil sectors may suffer, but less through the real appreciation than through transition-specific structural problems. The paper describes a medium-term policy strategy for Azerbaijan, relating its prospects to the experience in the 1970s of Ecuador, Indonesia, and Nigeria. The adverse effects of the Dutch disease may be avoided if Azerbaijan pursues policies to promote savings and open trade, and strengthens the supply side through structural policies Online-Ausg Saavalainen, Tapio Sonstige oth http://elibrary.imf.org/view/IMF001/03169-9781451929164/03169-9781451929164/03169-9781451929164.xml Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Rosenberg, Christoph B. How to Deal with Azerbaijan's Oil Boom? Policy Strategies in a Resource-Rich Transition Economy |
| title | How to Deal with Azerbaijan's Oil Boom? Policy Strategies in a Resource-Rich Transition Economy |
| title_auth | How to Deal with Azerbaijan's Oil Boom? Policy Strategies in a Resource-Rich Transition Economy |
| title_exact_search | How to Deal with Azerbaijan's Oil Boom? Policy Strategies in a Resource-Rich Transition Economy |
| title_exact_search_txtP | How to Deal with Azerbaijan's Oil Boom? Policy Strategies in a Resource-Rich Transition Economy |
| title_full | How to Deal with Azerbaijan's Oil Boom? Policy Strategies in a Resource-Rich Transition Economy Rosenberg, Christoph B |
| title_fullStr | How to Deal with Azerbaijan's Oil Boom? Policy Strategies in a Resource-Rich Transition Economy Rosenberg, Christoph B |
| title_full_unstemmed | How to Deal with Azerbaijan's Oil Boom? Policy Strategies in a Resource-Rich Transition Economy Rosenberg, Christoph B |
| title_short | How to Deal with Azerbaijan's Oil Boom? |
| title_sort | how to deal with azerbaijan s oil boom policy strategies in a resource rich transition economy |
| title_sub | Policy Strategies in a Resource-Rich Transition Economy |
| url | http://elibrary.imf.org/view/IMF001/03169-9781451929164/03169-9781451929164/03169-9781451929164.xml |
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