These international panel and country specific estimations are partly based on the two sector model of economic growth. In the case of Azerbaijan, a vector error correction model, which is based upon the behavioral model of the equilibrium exchange rate, is applied to detect the Dutch disease tendencies.
Elkhan Richard Sadik-Zada is a postdoctoral research fellow at the Institute of Development Research and Development Policy (IEE), Ruhr University Bochum, Germany. He holds a doctoral degree in International Development Studies from the Ruhr University Bochum. In his research activities, he mainly focuses on resource economics, macroeconomics, applied econometrics, application of evolutionary equations in economics and the role of institutions in economic development.
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