Azerbaijan: legal status of business entities
Purpose – The purpose of the paper is to investigate the legal status of business entities in the Republic of Azerbaijan. The Azeri government intends to establish a suitable environment for local and foreign companies working in the country.Design/methodology/approach – The paper presents a scientific investigation aimed at discovering and interpreting facts related to legal entities in the Azeri context. The goal of the research process is to produce new knowledge, through the exploratory research, which structures and identifies new problems, and the constructive research, which develops solutions to a problem.Findings – The main finding is that constructing the legal entities within the legal frameworks and in compliance with the European standards play a substantial role in overall economic growth and in attracting foreign investments in the local economy as well as in implementing measures for continuing economic reforms, further improving business climate and developing the non‐oil sector in line w...
The effect of trade and institutions on pollution in the Arab countries
Purpose – The purpose of this paper is to investigate the effects of trade and institutional quality on pollution in the Arab countries.Design/methodology/approach – The analysis is based in fixed estimation procedure. It utilises cross‐country data for 13 Arab countries into a reduced form equation.Findings – The empirical findings provide strong evidence that across the Arab countries, trade, industrial activity and income have a positive effect on pollution. The test of the Environmental Kuznets Curve (EKC) is found to be negative, providing strong support for the EKC hypothesis. The results also provide strong evidence that regulatory quality has a significant negative effect on pollution.Originality/value – This paper makes a new contribution on the effect of trade and institutional quality on emission levels in the Arab countries.
Global change, regional response: New global financial trends: implications for development
Stephany Griffith-Jones is a Senior Fellow at the Institute of Development Studies at Sussex University in England. She was previously associated with the Central Bank of Chile and has also served as senior consultant to such international agencies as the World Bank, the Inter-American Development Bank (IDB), the European Economic Community (EEC), and the UN Commission for Trade ad Development (UNCTAD). She is a contributor to, and co-editor (with Ricardo Ffrench-Davis) of, COPING WITH CAPITAL SURGES: LATIN AMERICA IN THE 1990s (Lynne Rienner, 1994). Barbara Stallings is Director of the Economic Development Division of the UN Economic Commission for Latin America and the Caribbean (ECLAC) in Santiago de Chile. She is both contributor to, and editor of, COMMON VISIONS, DIFFERENT PATHS: THE UNITED STATES AND JAPAN IN THE DEVELOPING WORLD (Overseas Development Council, 1993), as well as of GLOBAL CHANGE, REGIONAL RESPONSE: THE NEW INTERNATIONAL CONTEXT OF DEVELOPMENT (Cambridge University Press, 1995).