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The Oil Boom and Human Capital Development in Azerbaijan: "Turning Black Gold into Human Gold"
[journal article]
Abstract This article addresses the link between state fiscal resources and human capital development in Azerbaijan
during the peak period of oil prices. The economic growth figures offer quite an optimistic picture. However,
a more thorough look at the social and economic data indicates that Azerbaijan’s ... view more
This article addresses the link between state fiscal resources and human capital development in Azerbaijan
during the peak period of oil prices. The economic growth figures offer quite an optimistic picture. However,
a more thorough look at the social and economic data indicates that Azerbaijan’s state investment in
education and healthcare was relatively low compared to other countries in the Commonwealth of Independent
States (CIS) region. Despite the possibilities presented by the expanding fiscal space and increasing
capital inflows, the government of Azerbaijan did not manage to effectively increase public sector expenditures
on human capital development and has not utilized the available funds to reach higher levels of overall
human development.... view less
Classification
Political Economy
Free Keywords
Azerbaijan; Oil Boom; healthcare; education
Document language
English
Publication Year
2016
Page/Pages
p. 2-6
Journal
Caucasus Analytical Digest (2016) 90
ISSN
1867-9323
Status
Published Version; peer reviewed
Licence
Creative Commons - Attribution-Noncommercial-No Derivative Works 4.0