Impact of Government Expenditure on Growth: The Case of Azerbaijan
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Summary:
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.
Series:
Working Paper No. 2008/115
Subject:
Capital spending Expenditure Oil production Oil, gas and mining taxes Public investment spending
English
Publication Date:
May 1, 2008
ISBN/ISSN:
9781451869750/1018-5941
Stock No:
WPIEA2008115
Pages:
18
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