Impact of Oil Factor on Consumer Market: The Case of Azerbaijan
Sugra Humbatova,
Ibrahim Guliyev Gadim,
Sabuhi Tanriverdiyev Mileddin
et al.
Abstract:This article investigates the long ‒term and short ‒term interactions between crude oil and oil products export, and consumer market, retail trade, public catering, paid services and retail trade turnover per person of population in Azerbaijan using annual data from 1997 to 2021. In this research, the ARDL model was used to assess co ‒integration and short ‒term relationships. In addition, this study used the FMOLS, DOLS, and CCR co ‒integration equations to explore long ‒term coefficients between variables. G… Show more
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