Recent natural resource discoveries in Eastern Africa provide an enormous opportunity to boost economic development. However, success is not inevitable and the causes of failure have been extensively researched during recent years. This paper summarizes the challenges that can beset such opportunities.

Research Fellow Fakhri is a research fellow leading the KAPSARC Global Energy Macroeconometric Model (KGEMM) project. Previously, he was an associate professor… Fakhri is a research fellow leading the KAPSARC Global Energy Macroeconometric Model (KGEMM) project. Previously, he was an associate professor and director of the Center for Socio-Economic Research at Qafqaz University, Azerbaijan. He has served as a deputy director of the Research Institute at the Ministry of Economic Development, and a senior economist at the Research Department of the Central Bank of Azerbaijan Republic. He received a Fulbright Post-Doctoral Scholarship and conducted a research on building and applying a macroeconometric model for policy analysis at the George Washington University. Fakhri is a member of the research program on forecasting at the George Washington University and the editorial board of the Asian Journal of Business and Management Sciences. His research interests and experience span econometric modeling and forecasting, building and applying macroeconometric models for policy purposes, energy economics with a particular focus on natural resource-rich countries.
Expertise
- Applied macroeconometrics
- Energy economics
- Time series modeling and forecasting
Publications See all Fakhri Hasanov’s publications
Oil Market Shocks and Financial Instability in Asian Countries
Recent natural resource discoveries in Eastern Africa provide an enormous opportunity to boost economic development.…
24th January 2023
A Macroeconometric Model for Saudi Arabia: A Case Study on the World’s Largest Oil Exporter
Recent natural resource discoveries in Eastern Africa provide an enormous opportunity to boost economic development.…
1st January 2023