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Abstract In this study on Azerbaijan, which is dependent on oil, the causality relationship between economic growth, foreign investments, total capital increases in the country and oil and gas sector revenues have been examined. As a result of the analysis made using the Granger method, a row of causality relationships was obtained. The data used in the analysis were obtained from the World Bank, an important data disclosure platform. The result of the analysis made for a period from 2000 to 2020 shows the importance of the oil and gas sector in attracting foreign investments in this country. As a result of the study, a bidirectional causality relationship was obtained between economic growth and foreign investments in Azerbaijan. In other words, while attracting foreign investments to the country supports economic growth, the realization of economic growth at the same time shows its own effect on the growth of the country's economy. Namely, these variables become the Granger causality of each other. Bilateral causality relationship has also been determined between foreign investments and the incomes obtained from the total oil and gas sector.  At the same time, the development of this sector makes the country more attractive for foreign investors. Increases in revenues in the oil and gas sector also have an impact on the overall capital increase in the country. In other words, this variable is the Granger cause of capital increases. Downloads Download data is not yet available. Downloads FULL TEXT Published 2023-03-24 How to Cite Huseynli, B. (2023). Causality Relationship between the Development of the Oil and Gas Sector and Foreign Investments. International Journal of Energy Economics and Policy, 13(2), 404–409. https://doi.org/10.32479/ijeep.13573 More Citation Formats ACM ACS APA ABNT Chicago Harvard IEEE MLA Turabian Vancouver Download Citation Endnote/Zotero/Mendeley (RIS) BibTeX Issue Vol. 13 No. 2 (2023) Section Articles License Submission of an article implies that the work described has not been published previously , that it is not under consideration for publication elsewhere, that its publication is approved by all authors and tacitly or explicitly by the responsible authorities where the work was carried out, and that, if accepted, will not be published elsewhere in the same form, without the written consent of the Publisher. The Editors reserve the right to edit or otherwise alter all contributions, but authors will receive proofs for approval before publication. Most read articles by the same author(s) Bahman Huseynli, Renewable Solar Energy Resources Potential and Strategy in Azerbaijan , International Journal of Energy Economics and Policy: Vol. 13 No. 1 (2023) Bahman Huseynli, Examining the Relationship Between Brand Value, Energy Production and Economic Growth , International Journal of Energy Economics and Policy: Vol. 12 No. 3 (2022) Bahman Huseynli, Nigar Huseynli, Econometric Analysis of the Relationship between Renewable Energy Production, Traditional Energy Production and Unemployment: The Case of Azerbaijan , International Journal of Energy Economics and Policy: Vol. 12 No. 4 (2022) Nigar Huseynli, Bahman Huseynli, The Relationship between the Stock Price and the Energy Index: A Research on the Energy Company with the Highest Brand Value in Turkey , International Journal of Energy Economics and Policy: Vol. 12 No. 6 (2022) Bahman Huseynli, Effect of Exports of Goods and Services and Energy Consumption in Italy`s Service Sector , International Journal of Energy Economics and Policy: Vol. 13 No. 3 (2023) Make a Submission Make a Submission Dergi Kapağı

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