Input-output analysis in an oil-rich economy: The case of Azerbaijan

This paper aims to provide empirical research to identify the linkages between final demand-total output, final demand-total supply, value-added ratios and prices, and also to analyze total factor productivity growth using input-output framework for 25 sectors. Studying the input-output tables for 2001 and 2006, the research estimates impact and response multipliers of non-oil sectors, as well as non-oil trading sectors. The results are important from the view of development of non-oil trading sectors and diversification of the economy in order to avoid the "resource curse". (C) 2011 Elsevier Ltd. All rights reserved.