Estimation of the Impacts of Non-Oil Traditional and Non-Traditional Export Sectors on Non-Oil Export of Azerbaijan Cover Image

Estimation of the Impacts of Non-Oil Traditional and Non-Traditional Export Sectors on Non-Oil Export of Azerbaijan
Estimation of the Impacts of Non-Oil Traditional and Non-Traditional Export Sectors on Non-Oil Export of Azerbaijan

Author(s): Nicat Hagverdiyev, Ceyhun Mikayilov, Sebuhi Yusifov
Subject(s): Supranational / Global Economy, Socio-Economic Research
Published by: Editura Universitară & ADI Publication
Keywords: Azerbaijan; non-oil export; traditional and non-traditional sectors; diversification

Summary/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 time frame. 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.

  • Issue Year: 2/2016
  • Issue No: 4
  • Page Range: 77-89
  • Page Count: 13
  • Language: English