http://hdl.handle.net/20.500.12323/5770 Sat, 04 Apr 2026 03:27:44 GMT 2026-04-04T03:27:44Z http://localhost:80/jspui/retrieve/8aeec48a-a4bc-4bed-b85c-33a7c1ff93c8/publication-icon-3.jpg http://hdl.handle.net/20.500.12323/5770 http://hdl.handle.net/20.500.12323/5778 Title: Re-evaluating the environmental impacts of tourism: does EKC exist? Authors: Mikayilov, Jeyhun I.; Mukhtarov, Shahriyar; Mammadov, Jeyhun; Azizov, Mayis Abstract: The study investigates the long-run impact of tourism development on ecological footprint by employing the time-varying coefficient cointegration approach (TVC), in addition to the conventional cointegration techniques in the case of Azerbaijan for the period of 1996–2014. Based on the TVC estimation results, the coefficient of tourism development, which is the income elasticity of environmental degradation, was found to be time invariant. The paper uses energy consumption, trade, urbanization, and institutional quality indicators as control explanatory variables. The estimation results revealed that trade and energy consumption have statistically significant and positive impact on ecological footprint, while the coefficients of the other explanatory variables were found to be insignificant. Both the conventional estimation methods and the TVC concluded that, for the relationship between ecological footprint and tourism development, the EKC hypothesis is not present in Azerbaijan. Policy implications for the resource-rich economies have been discussed. Tue, 01 Jan 2019 00:00:00 GMT http://hdl.handle.net/20.500.12323/5778 2019-01-01T00:00:00Z http://hdl.handle.net/20.500.12323/5771 Title: Gasoline Demand Elasticities at the Backdrop of Lower Oil Prices: Fuel-Subsidizing Country Case Authors: Mikayilov, Jeyhun I.; Mukhtarov, Shahriyar; Mammadov, Jeyhun Abstract: This study investigates the income and price elasticities of gasoline demand for a fuel subsidizing country case, applying three different time-varying coefficient approaches to the data spanning the period from January 2002 to June 2018. The empirical estimations concluded a cointegration relationship between gasoline demand, income, and gasoline price. The income elasticity found ranges from 0.10 to 0.29, while the price elasticity remains constant over time, being −0.15. Income elasticity increases over time, slightly decreasing close to the end of the period, which is specific for a developing country. In the short run, gasoline demand does not respond to the changes in income and price. The policy implications are discussed based on the findings of the study. Research results show that since the income elasticity of demand is not constant, the use of constant elasticities obtained in previous studies might be misleading for policymaking purposes. An increase in income elasticity might be the cause of the inefficiency of the existing vehicles. The small price elasticity allows to say that if policy makers plan to reduce gasoline consumption then increasing its price would not substantially reduce the consumption. The current situation can be utilized to increase energy efficiency and implement eco-friendly technologies. For this purpose, the quality of existing transport modes can be improved. Meanwhile, to meet households’ needs, policies such as providing soft auto loans need to be formed to balance the recent drop in car sales. Wed, 01 Jan 2020 00:00:00 GMT http://hdl.handle.net/20.500.12323/5771 2020-01-01T00:00:00Z http://hdl.handle.net/20.500.12323/5242 Title: Nexus between FDI, Infrastructure Investment, Tourism Revenues, and Economic Growth: Mega Event Evidence Authors: Alalawneh, Mustafa Mohammad; Mammadov, Jeyhun; Alqasem, Ameen Abstract: The object of this study is to examine the response of economic growth in Germany to 2006 FIFA World Cup hosting (represented by the heavily influenced variables of this huge event: Growth of Infrastructure Spending, Tourism Revenues, and Foreign Direct investment) during the period (2000 – 2017). The study employed Dynamic Ordinary Least Square (DOLS) approach to estimate the long-run equilibrium relationships amongst the variables. The results indicate that there is a cointegrating long-run relationship among the studied variables and provide empirical evidence showing that an increase in the growth of infrastructure spending (GINFR) 1 unit leads to an increase in the growth of GDP (GGDP) by 0.374 unit, an increase in the tourism revenues (TR) 1 unit leads to increase in the growth of GDP (GGDP) by 0.155 unit, and an increase in foreign direct investment (FDI) 1 unit leads to an increase in the growth of GDP (GGDP) by 0.055 unit. What distinguishes this paper is that it is one of the rare studies that went beyond the short effect of megaevents on the host country and investigated the long-term economic impact of the most important macro variables associated with mega-events on economic growth. Wed, 01 Dec 2021 00:00:00 GMT http://hdl.handle.net/20.500.12323/5242 2021-12-01T00:00:00Z http://hdl.handle.net/20.500.12323/4554 Title: Income And Price Elasticities Of Gasoline Demand: An Empirical Analysis For Russia Authors: Mikayilov, Jeyhun I.; Mukhtarov, Shahriyar; Mammadov, Jeyhun Abstract: The current study investigates the income and price impacts of gasoline demand for Russian case, employing different cointegration techniques to the data spanning from 2002Q1 to 2018Q1. The cointegration exercises confirmed the existence of the long-run relationship among the variables of interest. Estimation results showed that income and price has statistically significant impact on gasoline demand. The estimation results showed that 1% increase in income increases gasoline demand by 0.78%, while 1% price increase reduces the demand by 0.17%. The results of the study can be useful tool for policy-makers and investors in making relevant decisions in their service-business and investment related activities. Tue, 01 Jan 2019 00:00:00 GMT http://hdl.handle.net/20.500.12323/4554 2019-01-01T00:00:00Z