Impact of Government Expenditure on Growth : The Case of Azerbaijan.
Title:
Impact of Government Expenditure on Growth : The Case of Azerbaijan.
Author:
Fund, International Monetary.
ISBN:
9781451914290
Personal Author:
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.
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