Page 54 - Azerbaijan State University of Economics
P. 54
THE JOURNAL OF ECONOMIC SCIENCES: THEORY AND PRACTICE, V.76, # 2, 2019, pp. 46-55
Azerbaijan. A number of policy i mplications are deducted for Azerbaijan based on
the case of the UAE. Despite the fact that the application of the same policy
recommendations cannot have the same consequences for Azerbaijan, but studying
the diversification experience of the UAE is useful for the academia and policy-
makers in Azerbaijan which the paper tries to highlight.
References
Ahmed, E. (2015) “The role of diversification strategies in the economic
development for oil-depended countries: - The case of UAE”, International
Journal of Business and Economic Development 3, (1): 47-57.
Azam, M. and Abu Bakar, A. (2017) “The role of infrastructure in national
economic development in Malaysia”, International Journal of Economic
Perspectives, 11, (4): 630-637.
Azernews.az (2018) “President Ilham Aliyev: Diversification of economy is Azerbaijan's
main objective”, available at https://www.azernews az/nation/125973. html.
Babayev, Bahruz (2015): The Rise of New Institutional Economics and Assessment
its Contributions to the Post Washington Consensus. Published in: The Journal
of Economic Sciences: Theory and Practice , Vol. 72, No. 2 (2015): pp. 87-97.
Babayev, Bahruz, 2019. "Building an Innovation Ecosystem as an Alternative of Oil
Sector Exports in Azerbaijan (on the basis of the study of Israeli
practice)," MPRA Paper 93600, University Library of Munich, Germany.
Babayev, Bahruz; Hajiyev, Nazim.Economic and Social Development: Book of
Proceedings; Varazdin : 312-319. Varazdin: Varazdin Development and
Entrepreneurship Agency (VADEA). (Feb 14/Feb 15, 2019).
Baghirov, O. (2016) “Economic Diversification in Azerbaijan” available
http://www.ciis.org.cn/english/2016-09/13/content_9030607.htm.
Baku Research Institute (No date) “Analysis of main problems facing Azerbaijan’s
non-oil exports”, available https://bakuresearchinstitute.org/analysis-of-main-
problems-facing-azerbaijans-non-oil-exports/.
Belt & Road News (no date) “Azerbaijan has infrastructure & real economy
investment strategy”, available at
https://www.beltandroad.news/2019/01/24/azerbaijan-has-infrastructure-real-
economy-investment-strategy/.
Davidson, C. M. (2005) 'The United Arab Emirates: a study in survival.’ Boulder,
Colorado: Lynne Rienner.
Delgado, P. (2016) “The United Arab Emirates Case of Economic Success. The
Federal Government Economic Policies”, available at
https://pdfs.semanticscholar.org/2467/2a568fe540734ac66bd7471b4bafb2e1d93b.pdf.
54

