Hajizadeh Elshan Mahmud oqli

Doctor of eсonomics, Prof. Azerbaijan State Economic University.

Abstract

Analysis of the correlation of the national oil and gas sector to economic growth

In this paper the goal - assessment of the impact of the national oil and gas sector on economic growth and the correlation between these two phenomena. The main conclusions of the study is to evaluate the role and importance of oil and gas sector over the last twenty years in the GDP forecast and justification of the impact of this sector to economic growth in the short and medium term. The research methodology is based on trending structural methods in the situational approach and systems analysis. The study also used correlation methods and other econometric methods.

Keywords: The economy of Azerbaijan, the oil and gas sector, the national oil strategy, the socio-ekonomicheskoya development forecasting.

UOT 338.45:338.1 (479.24)

JEL Classification Codes: B41, C15, D04, E27.

162.Analysis of the correlation of the national oil and gas sector to economic growth. «The economic policy of the Azerbaijan Republic: progress and prospects». Proceedings of the conference. Baku State University. Baku: 2012. 1,5 p.sh.