Impact of Government Expenditure on Growth : The Case of Azerbaijan.
by
Fund, International Monetary.
Title
:
Impact of Government Expenditure on Growth : The Case of Azerbaijan.
Author
:
Fund, International Monetary.
ISBN
:
9781451914290
Personal Author
:
Fund, International Monetary.
Physical Description
:
1 online resource (20 pages)
Series
:
IMF Working Papers
Contents
:
Contents -- I. Introduction -- II. Historical Lessons for New Oil-Producing Countries: The Cases of Nigeria and Saudi Arabia -- III. Model-Based Evaluation of Fiscal Policy Scenario -- A. Literature Review -- B. The Model -- C. Simulations -- Baseline scenario: inputs to the simulation exercise -- Calibration -- Simulation results -- IV. Conclusion -- Table -- 1. Parameters and initial conditions (in annual frequency) -- Figures -- 1. Nigeria and Saudi Arabia: Selected Economic Indicators, 1970-89 -- 2. The baseline scenario -- 3. Simulation results -- References -- Annex -- I. Solving the Model.
Abstract
:
This paper evaluates a fiscal scenario based on the assumption of a rapid scaling-up of expenditure to be followed by a rapid scaling-down in the context of Azerbaijan's current temporary oil production boom. To this end, it relies on a review of historical precedents and a neoclassical growth model. Based on both strands of analysis, the paper suggests that the evaluated fiscal scenario poses significant risks to growth sustainability.
Local Note
:
Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2017. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.
Subject Term
:
Petroleum industry and trade -- Azerbaijan -- Econometric models.
Petroleum industry and trade -- Nigeria -- Econometric models.
Petroleum industry and trade -- Saudi Arabia -- Econometric models.
Genre
:
Electronic books.
Added Author
:
Kramarenko, V.
Electronic Access
:
| Library | Material Type | Item Barcode | Shelf Number | Status |
|---|
| IYTE Library | E-Book | 1267228-1001 | HD9576 .A982 -- .K643 2008 EB | Ebrary E-Books |