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The Economics and Politics of Oil in the Caspian Basin

The Redistribution of Oil Revenues in Azerbaijan and Central Asia

Edited by Boris Najman, Richard Pomfret, Gaël Raballand

Routledge – 2008 – 226 pages

Series: Central Asia Research Forum

Purchasing Options:

  • Add to CartPaperback: $54.95
    978-0-415-53317-1
    February 5th 2012
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    978-0-415-43410-2
    August 19th 2007

Description

The Caspian Basin region has boomed since the late 1990s due to new oil discoveries, new pipelines that have diversified countries' transport options and world oil prices that have risen from below $10 in 1998 to $70 in 2006.

This book analyzes the experience of the Caspian countries during the oil boom. It is founded on empirical studies, using either macroeconomic tools or an analysis of public budgets, or microeconometric analysis of household survey data or fieldwork in oil-producing regions. Moving from aggregated to disaggregated analysis and, in-keeping with its emphasis on rigorous empirical analysis to the greatest extent possible, several chapters are written by specialists on the Caspian region. Whilst there is an emphasis on the economic consequences of the oil boom, the interdisciplinary aspects of the phenomenon are also recognized. Overall, the analysis is firmly rooted in the region, yet the empirical studies also provide a basis for drawing broader lessons about the effects of an oil boom.

Contents

Preface (Mathilde Maurel) 1. Introduction PART ONE: Background 2. Oil in the Caspian Basin: Facts and Figures (Gael Raballand and Regis Gente) 3. The Impact of Oil Revenues on Economic Performance: Analytical Issues (Michael Lewin) PART TWO: Macroeconomic Links and Fiscal Decentralization. 4. Nominal and Real Exchange Rates in Kazakhstan: Any Sign of the Dutch Disease? (Balazs Egert and Carol Leonard). 5. Resource Revenues and Fiscal Sustainability in Kazakhstan (Peter Lohmus and Anna Ter Martirosyan). 6. Fiscal Decentralization in Centralized States: Central Asian Patterns (Natalie Leschenko and Manuela Troschke). PART THREE: Microeconomic Analysis of Redistribution 7. Redistribution of Oil Revenues in Kazakhstan (Boris Najman, Richard Pomfret Gaël Raballand and Patricia Sourdin) 8. Whither Oil Money? Redistribution of Oil Revenues in Azerbaijan (Matthias Luecke and Natalia Trofimenko) PART FOUR: Governance and Local Impact: Alternative viewpoints 9. Improving the Beneficial Socio-Economic Impact of Hydrocarbon Extraction on Local/Regional Development in Caspian Economies (Richard Auty). 10. Tengiz Crude: A View from Below (Saulesh Yessenova). 11. Conclusions

Author Bio

Boris Najman is Associate Professor at the University of Paris XII, France and researcher at CES-ROSES, a joint research unit of University of Paris I and the French National Centre for Scientific Research, CNRS. He is an expert on labour and social policies in transition economies.

Richard Pomfret has been Professor of Economics at the University of Adelaide since 1992. In 2006-7 he is the AGIP Professor of International Economics at the Johns Hopkins University Bologna Center. He is the author of The Central Asian Economies since Independence (2006). His research interests have centred on economic development and international economics.

Gaël Raballand received his PhD in economics from the University of Paris I (Sorbonne). Currently, he works as a Young Professional at the World Bank in Washington DC. Prior to this, he was a consultant for the French Institute of International Relations (IFRI), Paris.

Name: The Economics and Politics of Oil in the Caspian Basin: The Redistribution of Oil Revenues in Azerbaijan and Central Asia (Paperback)Routledge 
Description: Edited by Boris Najman, Richard Pomfret, Gaël Raballand. The Caspian Basin region has boomed since the late 1990s due to new oil discoveries, new pipelines that have diversified countries' transport options and world oil prices that have risen from below $10 in 1998 to $70 in 2006. This book analyzes...
Categories: Development Economics, Political Economy, Central Asian Studies, Asian Economics, Asian Studies, Central Asian, Russian & Eastern European Studies, Russian & Soviet Politics, International Political Economy, International Relations