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The price and income elasticities of natural gas demand in Azerbaijan: Is there room to export more?

Economics

The price and income elasticities of natural gas demand in Azerbaijan: Is there room to export more?

S. Gurbanov, J. I. Mikayilov, et al.

Dive into this insightful study by Sarvar Gurbanov, Jeyhun I. Mikayilov, Shahriyar Mukhtarov, and Shahin Maharrami, which reveals that the demand for natural gas in Azerbaijan is both income-sensitive and price-responsive. With a long-run income elasticity of 0.8, this research highlights the need for policies that can transform the landscape of energy consumption while enhancing export potential.

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