Aliyev Shafa Tiflis

Background: This study revisits whether oil revenue windfalls translate into higher socio-economic welfare in oil-exporting economies and explains why oil price booms often fail to generate sustained gains in real GDP per capita. Methods: Using annual data for ten oil-exporting countries over 1990–2024, we estimate country-specific ARDL/ECM models under a unified specification. The dependent variable is log real GDP per capita, explained by log real oil prices, the log share of government expenditure in GDP, population growth, and world GDP growth, with political and devaluation dummies where relevant. Results: Cointegration and significant error correction terms hold for most exporters, but adjustment speeds differ sharply. Long-run oil price elasticities are heterogeneous: strongly positive in Qatar, weak or insignificant in several cases (including Azerbaijan), and negative in a post-rentier pattern (UAE/Oman). Fiscal and demographic channels emerge as systematic constraints: government expenditure shares are often negatively associated with long-run welfare, and population growth typically reduces GDP per capita. World GDP growth is generally positive but uneven in significance. Conclusions: Resource use is conditional: welfare outcomes depend on fiscal regimes, demographic pressures, and structural transformation rather than windfall size alone.

This article explores the impact of eco-innovations on the digital transformation of enterprises, with a focus on sustainability and competitiveness. In the context of the modern digital economy, environmental innovations are becoming increasingly important for ensuring the sustainable development of enterprises. The article investigates various aspects of integrating environmental innovations into digital processes, such as resource optimization, energy consumption reduction, waste management improvement, and reducing the environmental footprint of production. Drawing on examples of best practices from various industrial sectors, the article analyzes how eco-innovations contribute to creating more sustainable and competitive enterprises in the digital era.