Impact of Government Expenditure on Growth : : The Case of Azerbaijan

• Record Nr.: UNINA9910818880103321
• Pubbl/distr/stampa: Washington, D.C. : , : International Monetary Fund, , 2008
• ISBN: 1-4623-4470-4; 1-4527-3193-4; 9786612840692; 1-4518-6975-4; 1-282-84069-X
• Edizione: [1st ed.]
• Descrizione fisica: 1 online resource (20 p.)
• Collana: IMF Working Papers; IMF working paper ; ; WP/08/115
• Disciplina: 333.823094754
• Soggetti: Petroleum industry and trade - Azerbaijan - Econometric models; Petroleum industry and trade - Nigeria - Econometric models; Petroleum industry and trade - Saudi Arabia - Econometric models; Public Finance; Taxation; Industries: Energy; National Government Expenditures and Related Policies: Infrastructures; Other Public Investment and Capital Stock; National Government Expenditures and Related Policies: General; Business Taxes and Subsidies; Macroeconomics: Production; Public finance & taxation; Petroleum, oil & gas industries; Expenditure; Capital spending; Public investment spending; Oil, gas and mining taxes; Oil production; Expenditures, Public; Capital investments; Public investments; Petroleum industry and trade; Saudi Arabia
• Lingua di pubblicazione: Inglese
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Note generali: Description based upon print version of record.
• Nota di bibliografia: Includes bibliographical references.
• Nota di contenuto: 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
• Sommario/riassunto: 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.