Economics and Management

Research

The Department of Economics and Management has established a team of internationally prominent academic experts, working across major areas in Applied and Theoretical Economics, Finance and Management, and provides an outstanding research environment for young researchers.

Cutting across these research areas, we have long been known for conducting research on a variety of topics related to energy economics and policy, with an emphasis on issues pertaining to resource rich countries, and it continues to be a leading research-intensive institution in Azerbaijan.

In view of the global radical, turbulent and far-reaching changes, we have designed a practical and integrated experiential conglomerate research approach in managerial studies. This encompasses the challenges of financial risk, strategic approach and the human capital force required to sustain the dynamics of transformation.

Our diverse research interests in finance include corporate finance & governance, international finance, and economics of intellectual property. In the recent future we plan to work on research of knowledge management evaluation in the supply chain domain, entrepreneurial decision-making. We use advanced data analysis techniques, computational techniques, econometric methods, and empirical aspects to examine the wide variety of important issues.

Our research is a part of an ongoing partnership between global business and academic institutions with pragmatic preposition. This derives a profound learning and knowledge repository for the students.

Faculty members’ wide-ranging expertise spans areas including:

  • Resource -rich countries development models
  • Azerbaijani petroleum governance model
  • Macroeconomic policy framework for petroleum rich countries
  • Azerbaijani macroeconomic model and specifics
  • Economic diversification model in Azerbaijan
  • Political and economic governance and capacity building in the natural resource management
  • Fiscal transparency and accountability
  • Budgeting in petroleum rich countries
  • Sustainable economic development through transparency in resource rich countries
  • The economics of renewable energy and energy efficiency
  • Corporate finance and governance
  • International finance
  • Economics of intellectual property
  • Branding and national identity
  • E-commerce and marketing

The department’s research consistently earns national and international awards and through various research projects opens opportunities for early career national and international researchers to interact and explore opportunities for building long-lasting research collaborations.

Publications

Jeyhun Mammadov

  • “Oil Price Shocks and Monetary Policy in Azerbaijan: Challenges and Opportunities”, Mammadov, J., Caucasus Analytical Digest No. 83, ETH Zurich and the University of Bremen, 2016.
  • “Country Report: Migration Policy in Azerbaijan” Mammadov, J., Bayramov, K., and Isgandarov, A., Caucasus Journal on Migration, Tbilisi State University 2015.
  •  “Assessment of Institutional Quality in Resource-Rich Caspian Basin Countries”, Ahmadov, I., Mammadov, J., and Aslanli, K., Kurswechsel (Zeitschrift für gesellschafts-, wirtschafts- und umweltpolitische Alternativen Sonderzahl Verlag), Heft 3/2013: p 18-41.
  •  “Foreign direct investment, human capital accumulation and economic growth: the case of transition countries”. Mammadov J. Bielefeld: Bielefeld University; 2012.

Ingilab Ahmadov

  • “Azerbaijan’s New Macroeconomic Reality: How to Adapt to Low Oil Prices”, Ahmadov, I., Caucasus Analytical Digest No. 83, ETH Zurich and the University of Bremen, 2016.
  • “Assessment of Institutional Quality in Resource-Rich Caspian Basin Countries”, Ahmadov, I., Mammadov, J., and Aslanli, K., Kurswechsel (Zeitschrift für gesellschafts-, wirtschafts- und umweltpolitische Alternativen Sonderzahl Verlag), Heft 3/2013: p 18-41.
  • “Dispute or dialogue? Community perspectives on company-led grievance mechanisms. Chapter 3: BP and the Azerbaijan pipelines complaints management procedure./  Emma Wilson, Christoph Schwarte, Ingilab Ahmadov. IIED. London-2013.
  • “EITI and sustainable development: Lessons and new challenges for the Caspian region. / Saule Ospanova, Ingilab Ahmadov, Emma Wilson. IIED. London- 2013. Policy Paper.
  • “How to scrutinise a Production Sharing Agreement: A guide for the oil and gas sector based on experience from the Caspian region./ Ahmadov, I., Artemyev, A., Aslanly, K., Rzaev, I., Shaban, I. IIED. London-2012

Mahammad Nuriyev

  • Modern challenges of oil producing countries and the ways for establishing a non-oil dependent economy in Azerbaijan (Comparative approach) /Mahammad Nuriyev, Eldar Shahgeldiyev, Zaka Salmanli / –Muellim nəshşriyyati, 2014, 96 p.- ISBN 978-9952-435-55-9     
  • English-Azerbaijani  Azerbaijani-English Concise Dictionary of Project Management Terms. – Khazar University Press, 2012. –152 p. – ISBN 978-9952-20-070-6
  • Azərbaycanın rayonları üçün bölgə kolleci kompleksinin/klasterinin  yaradılması/Əhməd Vəliyev, Hamlet İsaxanlı, Məhəmməd Nuriyev, Mirdaməd Sadıxov, Ruslan Sədirxanov// Ali təhsil və cəmiyyət, elmi-metodiki jurnal. – 2012. – № 2
  • Ali məktəbdə formativ qiymətləndirmənin tətbiqetmə imkanları // Ali təhsil və cəmiyyət, elmi-metodiki jurnal. – 2013. – № 1

Fuat Rasulov

  • “İxracatçılar Üçün Təlimat”, Fuat Rəsulov, İlkin Qarayev, Elxan Mikayılov, Gerry Morrissey, Bakı 2013

Shaig Ganbarli

  • “Individual and Household Characteristics in Tbilisi, Guria and Achara” Measurement of Poverty and Inequality.  Shaig Ganbarli, Tbilisi State University, Georgia, 2013

Kamil Heydarov

  • “The impact of bank capital on profitability and risk: evidence from Azerbaijan”, Kamil Heydarov, Central Bank and Economics, (2013), 2, pp. 130-143  

Fuad Aliyev

  • “The Politics of Islamic Finance in Central Asia and South Caucasus”, Voices from Central Asia, No. 2, July 2012, Central Asia Program, George Washington University, USA

Shahriyar Mukhtarov

  • “Müstəqillik İllərində Azərbaycanın Makroiqtisadi Göstəricilərinin Təhlili” , Journal of Baku Engineering University, - Accepted, 2017
  • “Şəhər Əhalisinin Sayının Enerji İstehlakına Təsirlərinin Qiymətləndirilməsi:Azərbaycan Nümunəsi” Journal of Baku Engineering University, - Accepted, 2017 
  • “Azerbaycan’da Faiz Oranı Kanalının İşleyişi: Ampirik Bir Analiz” Yönetim ve Ekonomi: Celal Bayar Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi 24 (2) 
  • "Does Urbanization Boost Pollution From Transport?"Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis. 2017
  • International Journal of Energy Economics and Policy, 2017, 7(6), 1-7. [SCOPUS- Impact Factor (SJR): 0.503]

Elvin Mammadov

  • “Influencing Factors of the Profitability in Banking Sector: An Analysis for post-Soviet Countries”, Thomsen Reuters Impact Factor (SSCI):, 0.825- Submitted
  • “The Effectiveness of Exchange Rate Channel in Azerbaijan: An Empirical Analysis”, Thomsen Reuters Impact Factor (SSCI):, 0.444- Submitted

"Multicriteria decision-making under high-level uncertainty in tourism: Z-numbers based approaches" has been published in “7th international zeugma conference on scientific researches” on 10th February 2022. 

Ceyhun Məmmədov, Məhəmməd Nuriyev, Əziz Nuriyev, Coşqun Məmmədov 

  • “Renewables selection for economic regions with diverse conditions. 10-th EUROPEAN CONFERENCE ON RENEWABLE ENERGY SYSTEMS ECRES”, İstanbul / Türkiyə, Edited by Prof. Dr. Erol Kurt, ISBN: 978-605-70842-0-0, p. 412-417, 2022,  07-09 May 202  www.ecres.net
  • “Selection of Renewables for Economic Regions with Diverse Conditions: The Case of Azerbaijan. Sustainability” 2022, 14, 12548.   https://doi.org/10.3390/ su141912548   
  • “Students’ perceptions of university social responsibility: A crosscultural comparison”. Chapter 16 in the book “Universities, Entrepreneurial Ecosystems, and Sustainability”, De Gruyter 2021 Alalawneh, M.M.; Mammadov, J.; Alqasem, A. “Nexus between FDI, Infrastructure Investment, Tourism Revenues, and Economic Growth: Mega Event Evidence”. Emerging Science Journal 2021, Vol. 6, No. 6 [SCOPUS CiteScore 4.4 in 2020] 

Nuriyev, M., Nuriyev, A., Məhəməd, A.N.   

  • “Z-Information Based MCDM Model for Assessing Green Energy Resources: A Case of Resort and Tourism Areas”.  In: Aliev, R.A., Kacprzyk, J., Pedrycz, W., Jamshidi, M., Babanli, M.B., Sadikoglu, F. (eds) 15th International Conference on Applications of Fuzzy Systems, Soft Computing and Artificial Intelligence Tools – ICAFS-2022. ICAFS 2022. Lecture Notes in Networks and Systems, vol 610. Springer, Cham. pp.539-548,  
    https://doi.org/10.1007/978-3-031-25252-5_71 

Bahadır Baysal 

  • “Hotel green supplier selection in Z-information environment”  16th International Conference on Applications of Fuzzy Systems, Soft Computing and Artificial Intelligence Tools ICAFS 2023
  • “Mediasiya haqqında nələri bilməliyik, Mediasiya və Münaqişələrin İdarə Edilməsi üzrə Bülleten”, 2023, Vol 1, pp.58-62 
  • “Mediasya, turizm və Biznes”, Mediasiya və Münaqişələrin İdarə Edilməsi üzrə Bülleten”, Vol 1, pp. 64-75, 2023
  • “A Conceptual view of the cluster approach in Azerbaijan Tourism”, II. International Conference on Economics, 2023.
  • " Multicriteria decision-making under high-level uncertainty in tourism: Z-numbers based approaches" has been published in “7th international zeugma conference on scientific research” on 10th February 2022.
  • "Selection of the hotel suppliers under high-level uncertainty has been published in “V-İnternational European conference on interdisciplinary scientific research” on 15th of February 2022.
  • “Z-numbers based approach to hotel service quality assessment” has been published in “Lecture Notes in Network and Systems” Volume 362 on 4 January 2022 

Qəhrəman Yusupov 

  • “Механизм превращения приграничного региона в туристскую дестинацию”- "Xəzər xəbər" aylıq dərgisi №411 noyabr 2021 il