Impact of Government Expenditure on Growth: The Case of Azerbaijan

Author/Editor: Koeda, Junko ; Kramarenko, V.
Publication Date: May 01, 2008
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Disclaimer: This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate
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. 08/115
Subject(s): Azerbaijan | Government expenditures | Economic growth | Public investment | Oil revenues

Author's Keyword(s): Government expenditures | economic growth | public investment | oil revenues | Azerbaijan
Publication Date: May 01, 2008
Format: Paper
Stock No: WPIEA2008115 Pages: 18
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