Post-Sovyet Petrol İhraç Eden Ülkelerde Petrol Gelirlerinin Yaşam Standartlarına Etkisi (The Impact of the Oil Revenues on the Standard of Living in Oil-Exporting Countries of the Former Soviet Union)

International Conference on Eurasian Economies, July 2014

8 Pages Posted: 10 Jul 2014 Last revised: 3 Aug 2014

See all articles by Elchin Suleymanov

Elchin Suleymanov

Baku Engineering University - Department of Finance

Cihan Bulut

Vistula University - Faculty of Business and International Relations; Qafqaz University

Hasanov Fakhri

Qafqaz University - Center for Socio-Economic Research; George Washington University - Research Program on Forecasting; Institute of Cybernetics - Department of Modeling Socio-Economic Processes

Date Written: July 2, 2014

Abstract

Turkish Abstract: Çalışmamızın amacı, eski Sovyetler Birliği'nin petrol ihraç eden ülkelerdeki yaşam standardı üzerinde petrol gelirlerinin etkisini incelemek ve elde edilen bulgulara dayalı politika önerileri yapmaktır. Kaynak bağımlılığı ekonominin farklı sektörlerinde gelir eşitsizliği değişikliklere yol açar, bu ülkelerin ekonomilerinin yapısını ayarlamak zarureti gerektirir.Çalışmada kaynak zengin post-Sovyet petrol ihracatçıları ülkelerini -. Rusya, Kazakistan ve Azerbaycan analiz edilmiştir Bu kaynaklara bağımlılık bir mekanizma aracılığıyla istihdama dayalı gelir eşitsizliğine yol açan bu ülkelerin ekonomilerinin yapısını değiştirir olduğu ortaya konmuştur.

English Abstract: The aim of our study is to examine the impact of the oil revenues on the standard of living in oil-exporting countries of the former Soviet Union, Russia, Kazakhstan and Azerbaijan, and to make policy suggestions based on the findings to be obtained. Is there a long-run relationship between the oil revenues and the standard of living in these countries? What is the role of dynamics of the oil revenues in the standard of living in the short run? What is the magnitude of speed of adjustment, if any, from the short-run deviations towards long-run equilibrium path. We are going to answer the above-mentioned questions by applying cointegration and error correction method to the data of these countries.

Note: Downloadable document is in Turkish.

Keywords: Standard of living, Former Soviet Union, oil exporters countries

JEL Classification: C22, I31, P28

Suggested Citation

Suleymanov, Elchin and Bulut, Cihan and Hasanov, Fakhri, Post-Sovyet Petrol İhraç Eden Ülkelerde Petrol Gelirlerinin Yaşam Standartlarına Etkisi (The Impact of the Oil Revenues on the Standard of Living in Oil-Exporting Countries of the Former Soviet Union) (July 2, 2014). International Conference on Eurasian Economies, July 2014. Available at SSRN: https://ssrn.com/abstract=2463409 or http://dx.doi.org/10.2139/ssrn.2463409

Elchin Suleymanov (Contact Author)

Baku Engineering University - Department of Finance ( email )

Baku Sumgait Road 16th km. Hasan Aliyev Str. 120
Baku, AZ0101
Azerbaijan

HOME PAGE: http://beu.edu.az/en/staff_directory/staff/elsuleymanov

Cihan Bulut

Vistula University - Faculty of Business and International Relations ( email )

Stokłosy 3
Warszawa
Poland

Qafqaz University ( email )

Baku-Sumgait Highway 16-km Khirdalan,
Khirdalan, AZ0101
Azerbaijan

Fakhri Hasanov

Qafqaz University - Center for Socio-Economic Research ( email )

Baku Sumgait Road 16th km.
Hasan Aliyev Str. 120
Khirdalan, Baku AZ0101
Azerbaijan
+994 (12) 4482862-66 (Phone)
+994 (12) 4482861,67 (Fax)

HOME PAGE: http://www.qu.edu.az/

George Washington University - Research Program on Forecasting ( email )

1922 F Street, NW
Old Main, Suite 208
Washington, DC 20052
United States
(202) 994-6150 (Phone)
(202) 994-6147 (Fax)

HOME PAGE: http://research.columbian.gwu.edu/cer/research/forecasting

Institute of Cybernetics - Department of Modeling Socio-Economic Processes ( email )

9, F. Agayev Str.
Baku, Az1141
Azerbaijan
(994 12) 5390151 (Phone)
(994 12) 5392633 (Fax)

HOME PAGE: http://www.cyber.az/

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