Disturbing Effects of Global Oil Price Changes: Case of Azerbaijan
Journal: İnsan ve Toplum Bilimleri Araştırmaları Dergisi
Year: 2024

General topic in this paper is the role of oil industry in global economy and the result of changing oil prices on economic variables in Azerbaijan. The major aim is to analyze the effects of crude oil price changes on Azerbaijan economy in order to measure how changes in oil prices affect its basic economic variables. At the beginning, a general outlook on oil industry will be given and the main oil exporting economies will be analized. However, main focus will be on the structure of Azerbaijan