Impact of Oil Factor on Consumer Market: The Case of Azerbaijan

This article investigates the long ‒term and short interactions between crude oil products export, consumer market, retail trade, public catering, paid services trade turnover per person of population in Azerbaijan using annual data from 1997 to 2021. In this research, ARDL model was used assess co ‒integration relationships. addition, study FMOLS, DOLS, CCR equations explore coefficients variables. Granger causation tests were performed, analysis assessed Wald test (short or weak causation, both strong causal relationship). The proposed 5 hypotheses regarding impact population. Some generally, if not completely, justified. Based on established models carried out, there are ‒integrating relationships Model selected according their economic statistical significance.