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Begin New Search Topic COVID-19 Political Geography Azerbaijan Content Type Working Paper Publication Year within 3 Years Publication Year within 5 Years

1. Tourism in the South Caucasus region during the post-pandemic period

Author:
Murad Agayev
Publication Date:
01-2023
Content Type:
Working Paper
Institution:
Center for Economic and Social Development (CESD)
Abstract:
This article explores the tourism sector of the South Caucasus region in the post-pandemic period. In general, due to the pandemic, the share of the tourism sector in the global GDP has decreased by more than 2 times. In the post-pandemic period, although the share of the sector in the global GDP has increased again, it lags behind the statistics of the pre-pandemic period. Surrounded by the Black Sea from the west and the Caspian Sea from the east, the South Caucasus region has a unique nature, rich historical and cultural heritage, unique gastronomy, traditions and riches that transcend national borders.
Topic:
Tourism, GDP, and COVID-19
Political Geography:
Azerbaijan and South Caucasus

2. Assessment of Impact of COVID-19 on SMEs in Azerbaijan: Consequences and Perspectives

Author:
Narmina Gasimova
Publication Date:
07-2022
Content Type:
Working Paper
Institution:
Center for Economic and Social Development (CESD)
Abstract:
COVID-19 had a considerable negative impact on the economy of Azerbaijan, with SMEs being one of the major victims from the economic perspective. Economic sectors were affected to a different extent by the pandemic and lockdown measures. As a result of lockdown measures, many SMEs closed their operations with their employers not being paid or left without pay. Although the government provided essential support to small and medium-sized businesses, the share of closed businesses was high. Over two years since the beginning of the pandemic, a measures toward the improvement of the business environment was done. The share of operating and newly created SMEs increased along with legislative incentives adopted for their development.
Topic:
Economy, Public Health, COVID-19, and Lockdown Policies
Political Geography:
Azerbaijan and Caspian Sea

3. Amendments in the 2022 State Budget of Azerbaijan: Impacts and Perspectives

Author:
Nigar Islamli
Publication Date:
07-2022
Content Type:
Working Paper
Institution:
Center for Economic and Social Development (CESD)
Abstract:
After the global pandemic, rising global demand, as well as the impact of geopolitical and military tensions, have led to a significant rise in the prices of major energy carriers in recent years. In the context of this pandemic, the recession in the country's economy in 2020 was replaced by the process of rapid economic recovery in 2021. The significant increase in oil prices in Azerbaijan had a positive effect on the nominal amount of GDP, although the increase in nominal GDP was mainly due to the oil sector, the real growth was possible almost due to non-oil sectors. The economic situation for the past period of the current year, the medium-term socio-economic forecast indicators, and the performance of budget revenues more than expected made it necessary to revise the state budget for 2022.
Topic:
Oil, Budget, GDP, Economy, and COVID-19
Political Geography:
Azerbaijan

4. The economic impact of COVID-19 on Turkish-Azeri bilateral relations

Author:
Duncan Labadie
Publication Date:
02-2022
Content Type:
Working Paper
Institution:
Center for Economic and Social Development (CESD)
Abstract:
While the economic instability of the international system resurrected debates about the future of the World Order, diving against the current and studying in a destabilizing pandemic context a bilateralism touted for its durability and solidity seemed academically attractive. Thus, the purpose of this research paper is to verify whether COVID-19 is causing fatal economic disruptions among the iron alliances, or if on the contrary one is witnessing an "unnatural" strengthening. By reconciling empirical data (reports of the Central Bank, the OSCE, press articles) and academic papers, this study analyzes the surprising Turkish-Azeri economic consolidation before questioning its still-perceptible limitsin the short and long term. This work concludes that through the neorealist prism, Ankara and Baku managed to transform Covidian negativity into an element of strategic economic cooperation aimed at repairing financial loopholes on a national scale.
Topic:
Economics, War, Bilateral Relations, Natural Resources, COVID-19, Liberalization, and Asymmetric Relations
Political Geography:
Turkey and Azerbaijan

5. The Economic Consequences of Russia-Ukraine War for Azerbaijan

Author:
Emin Mammadov
Publication Date:
03-2022
Content Type:
Working Paper
Institution:
Center for Economic and Social Development (CESD)
Abstract:
The year 2020 posed an unprecedented challenge to the World economy with the outbreak of the Covid-19 pandemic shrinking the global GDP by 6,7 % and bringing worldwide severe economic repercussions. Economic recovery is in continuation process in which the non-hydrocarbon sector acts as the main driver with a strong contribution of the oil and gas sector as well coupled with the rising demand for, and price of, oil that can further strengthen overall economic performance, however risks in the scenario are vivid.
Topic:
Economy, Risk, COVID-19, and Economic Recovery
Political Geography:
Azerbaijan

6. Assessment of Azerbaijani 2022 State Budget in Context of COVID-19

Author:
Narmina Gasimova
Publication Date:
01-2022
Content Type:
Working Paper
Institution:
Center for Economic and Social Development (CESD)
Abstract:
The budget plan for 2022 envisages the primary goals for insurance of the economic growth in the upcoming year, emphasizing economic diversification as one of the key targets. Followed by the restoration of the liberated territories and recovery after the negative impact of the pandemic, the plan outlines a detailed analysis of fiscal policy forecasted for the year. An overview of the planned budget envisages the reliance of the economy on oil reserves and transfers obtained throughout it. To that end, approaches for further policies cover the creation of a favorable environment for the gradual replacement of oil revenues with non-oil revenues.
Topic:
Oil, Budget, Economic Growth, Diversification, COVID-19, and Revenue
Political Geography:
Azerbaijan

7. Independent Assessment of the Implementation of the 2020 State Budget of Azerbaijan

Author:
CESD Research Team
Publication Date:
06-2021
Content Type:
Working Paper
Institution:
Center for Economic and Social Development (CESD)
Abstract:
This independent evaluation aims to investigate the implementation of the 2020 State Budget of Azerbaijan. The pandemic, which has lasted since 2020, has brought significant changes in the world. The changes in terms of both quality and quantity were reflected in the economic environment and individual's livelihood. Because of the requirement for long-term quarantine conditions to battle the pandemic, both developed and developing countries have experienced economic downturns. The research comprises forecast indicators defined by the appropriate executive authority during the year, as well as the draft legislation on 2020 state budget implementation, in addition to the forecast indicators represented in the material provided with the original and updated draft state budget for 2020. The basic order is as follows; introduction, revenues, expenditures, fiscal sustainability, sequestration of costs, cost reduction, receipt of subsidies from the budget, optimization of receivables, distribution of expenditures, and debts. The results included graphical and tabular descriptions.
Topic:
Economics, Government, Budget, and COVID-19
Political Geography:
Azerbaijan and South Caucasus