Estimation of the Impacts of Non-Oil Traditional and Non-Traditional Export Sectors on Non-Oil Export of Azerbaijan
Journal Title: Academic Journal of Economic Studies - Year 2016, Vol 2, Issue 4
Abstract
The significant share of oil sector of the Azerbaijan export portfolio necessitates promotion of non-oil exports. This study analyzes weather the commodities which contain the main share (more than 70%) in non-oil export are traditional or non-traditional areas, using the so-called Commodity-specific cumulative export experience function, for the 1995-2015 timeframe. Then, the impact of traditional and non-traditional exports on non-oil GDP investigated employing econometric model. The results of the study based on 16 non-oil commodities show that cotton, tobacco, and production of mechanic devices are traditional sectors in non-oil export. The estimation results of the model indicate that both, traditional and non-traditional non-oil export sectors have economically and statistically significant impact on non-oil GDP.
Authors and Affiliations
Nicat Hagverdiyev, Ceyhun Mikayilov, Sabuhi Yusifov
Keywords
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