Comparative Study of the Automotive Industry in Azerbaijan
Huseynov, Orkhan | May 2019
Abstract
This article analysis Azerbaijan’s automotive market pre and post oil price shock, specifically focusing on two factors is undermining the market, as well as preventions for future development. Firstly, a sole dependency on oil, as major part of Azerbaijan’s economy, which is a common characteristic for high level of oil exporting countries. Secondly, currency’s instability post oil shock. There are several reasons why automotive market has not only stopped growing, but also started to decline drastically in the last four years. This decline’s main reason is both new monetary and legislative policies that are adopted by government. Preventive actions to regulate the consumer loans market and prevent excess borrowing. Adaptation of new environmental standards and new tariffs and taxes entered into force. New environmental standards main aim is to prevent pollution through forcing import of cars with meeting Euro-4 at least. However, shaping of ageing car market is inevitable, because of new monetary and legislative policies impact. Lastly, this paper will give forecast about Azerbaijan’s automotive market for the next five years.
Citation
Huseynov, Orkhan. 2019. Comparative Study of the Automotive Industry in Azerbaijan. © Center for Economic and Social Development. http://hdl.handle.net/11540/10119.Keywords
Commerce and Industry
Intra-Industry Trade
Large Scale Industry
Labor
Technical Evaluation
Macroeconomic
Macroeconomic Analysis
Macroeconomic Framework
Macroeconomic Models
Macroeconomic Performance
Macroeconomic Planning
Macroeconomic Policies
Macroeconomic Reform
Macroeconomic Stabilization
Automobiles
Automobile industry
Automobile service
Innovation
Industrialization
Industrial Economics
Industrial Development
Industrial Policy
Technology assessment
Technological institutes
Employment
Information Media
Mass Media
Export Oriented Industries
Electronics
Computers
Telecommunications Industry
Manufacturing Industries
Microprocessors
Electronic Equipment
Communication Industry
Social condition
Economic dependence
Economic assistance
International monetary relations
International monetary relations
International trade
National accounting
Market
Technology assessment
Economic indicators
Growth models
Gross domestic product
Macroeconomics
Economic forecast
Exports
Microelectronics industry
Electronic industries
Digital electronics
Microelectronics
Capital market
Developing countries
Market share
Labor
Technology transfer
Cumulative effects assessment
Exports
Exchange
Comparative economics
Index number
Monetary policy
Value analysis
Adjustment cost
Transaction cost
Conditionality
International relations
Cumulative effects assessment
Exchange rate
Economic development projects
Economic policy
Economic forecasting
Exchange rates
Automobiles
Automobile industry workers
Automobile industry
Automobile industry and trade
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