It takes the average reader and 44 minutes to read How to Deal with Azerbaijan’s Oil Boom? Policy Strategies in a Resource-Rich Transition Economy by Mr.Christoph B. Rosenberg
Assuming a reading speed of 250 words per minute. Learn more
The petroleum-rich former Soviet republics around the Caspian Sea face the dual challenge of managing the transition to a market economy and a booming resource sector. This paper examines this challenge with particular reference to Azerbaijan. The standard “Dutch disease” model is modified to capture the special conditions of transition economies, with specific attention to the pattern of real exchange rate movement. “Transition factors” are found to add to the speed of real appreciation. Non-oil sectors may suffer, but less through the real appreciation than through transition-specific structural problems. The paper describes a medium-term policy strategy for Azerbaijan, relating its prospects to the experience in the 1970s of Ecuador, Indonesia, and Nigeria. The adverse effects of the Dutch disease may be avoided if Azerbaijan pursues policies to promote savings and open trade, and strengthens the supply side through structural policies.
How to Deal with Azerbaijan’s Oil Boom? Policy Strategies in a Resource-Rich Transition Economy by Mr.Christoph B. Rosenberg is 44 pages long, and a total of 11,176 words.
This makes it 15% the length of the average book. It also has 14% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes 1 hour and 1 minute to read How to Deal with Azerbaijan’s Oil Boom? Policy Strategies in a Resource-Rich Transition Economy aloud.
How to Deal with Azerbaijan’s Oil Boom? Policy Strategies in a Resource-Rich Transition Economy is suitable for students ages 8 and up.
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