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Impact of Government Expenditure on Growth : The Case of Azerbaijan.
- Format:
- Book
- Government document
- Author/Creator:
- International Monetary Fund.
- Series:
- IMF Working Papers; Working Paper ; No. 2008/115
- IMF working paper ; WP/08/115
- IMF Working Papers
- Language:
- English
- Subjects (All):
- Petroleum industry and trade--Azerbaijan--Econometric models.
- Petroleum industry and trade.
- Petroleum industry and trade--Nigeria--Econometric models.
- Petroleum industry and trade--Saudi Arabia--Econometric models.
- Physical Description:
- 1 online resource (20 p.)
- Edition:
- 1st ed.
- Place of Publication:
- Washington, D.C. : International Monetary Fund, 2008.
- Language Note:
- English
- 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.
- Contents:
- Contents; I. Introduction; II. Historical Lessons for New Oil-Producing Countries: The Cases of Nigeria and Saudi Arabia; Figures; 1. Nigeria and Saudi Arabia: Selected Economic Indicators, 1970-89; III. Model-Based Evaluation of Fiscal Policy Scenario; A. Literature Review; B. The Model; C. Simulations; Baseline scenario: inputs to the simulation exercise; 2. The baseline scenario; Calibration; Table; 1. Parameters and initial conditions (in annual frequency); Simulation results; IV. Conclusion; 3. Simulation results; References; Annex; I. Solving the Model
- Notes:
- Description based upon print version of record.
- Includes bibliographical references.
- Description based on online resource; title from PDF front page (ebrary, viewed February 25, 2014).
- ISBN:
- 9786612840692
- 9781462344703
- 1462344704
- 9781452731933
- 1452731934
- 9781451869750
- 1451869754
- 9781282840690
- 128284069X
- OCLC:
- 815737975
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