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By this research, econometrically analysed the balance of payments of the Republic of Azerbaijan for 2011-2021 and Azerilight, WEST and BRENT oil prices in the world market for these years. Econometric approaches of the study were carried out by using Eviews 8 application software package operations. Regression and correlation analysis, graphing, descriptive statistics, Dickey-Fuller test, Granger causality test, White test, Breusch-Pagan-Godfrey test, Cusum test analysis were considered for evaluation by using of Eviews 8 application software package tools.
Ayyubova et al. (Mon,) studied this question.