By Y. Kalyuzhnova
This ebook explores the fiscal demanding situations concerned about dealing with hydrocarbon wealth in the Caspian area, and appears at how to design an optimal strength coverage. The publication draws on the Author?s event in facing the governments of the quarter, and her knowledge of the role of significant businesses within the zone.
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Extra info for Economics of the Caspian Oil and Gas Wealth: Companies, Governments, Policies (Euro-Asian Studies)
2004). Previous research in this area concentrated solely on the causal links between energy consumption and economic growth, with energy defined in a broad sense, and typically reached conflicting results. , 2001) to no causality at all (Cheng, 1997; 1999). Our empirical methodology involves testing for Granger causality (GC) between the above variables within a vector autoregressive (VAR) framework. Due to the econometric problems induced by the presence of non-stationary variables and the potential presence of co-integrating relationships, our implementation follows the methodology developed in Toda and Yamamoto (1995).
Azerbaijan Azerbaijan is of crucial concern with regard to the security dilemmas in the Caspian region because of its large offshore hydrocarbon reserves and its role in one of the major conflicts in the region. In the final years of the Soviet Union, Azerbaijan underwent major social upheavals as the first ethnic conflict in what is now described as the former Soviet space, and the anti-Soviet Azerbaijan Popular Front was formed. In January 1990 Soviet troops intervened in Baku to stop anti-Armenian pogroms.
The recession of the early 1990s was not kind to the population of these countries, but provided ample opportunities for access to privileges, positions acquired during the old time (members of the Communist Party, technocrats). While all income groups experienced a decline in real household incomes, those at the bottom suffered the most. 9, the Human Development Index shows the places of these three countries in the world ranking, putting Kazakhstan at place 79, then Azerbaijan (99) and Turkmenistan (105).
Economics of the Caspian Oil and Gas Wealth: Companies, Governments, Policies (Euro-Asian Studies) by Y. Kalyuzhnova