Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/226347
Authors: 
Niftiyev, Ibrahim
Year of Publication: 
2020
Abstract: 
Oil booming and accumulated mineral revenue contributed to the economic growth in Azerbaijan since independence but also pressurized the national currency leading to the appreciation of the nominal effective exchange rate (NEER) and real effective exchange rate (REER). An increase in export prices makes them expensive, decreasing the competitiveness of the country. Azerbaijan’s recent decreased economic performance during 2014–2015 reflected a common reality among the resource exporting countries: relying on the primary sectors might jeopardize the national economy due to the extreme price volatility. The paper investigates the extension of the relationship between NEER, REER, and other export-related macroeconomic variables and agricultural exports to identify Azerbaijan’s non-oil sub-sectoral dynamics between 2001–2018 via the OLS estimations. The main findings indicate that NEER negatively impacted potato, fresh fruit, and fresh vegetable exports. Moreover, potato and fresh fruit exports demonstrated more stable export dynamics during the economic crisis periods.
Subjects: 
Azerbaijan economy
nominal effective exchange rate
real effective exchange rate
agriculture
crop exports
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

Files in This Item:
File
Size
638.94 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.