04733oam 22010574 450 991078823810332120230721045619.01-4623-4470-41-4527-3193-497866128406921-4518-6975-41-282-84069-X(CKB)3170000000055026(EBL)1607871(SSID)ssj0000944143(PQKBManifestationID)11573590(PQKBTitleCode)TC0000944143(PQKBWorkID)10982652(PQKB)10312651(OCoLC)815737975(MiAaPQ)EBC1607871(IMF)WPIEE2008115(EXLCZ)99317000000005502620020129d2008 uf 0engur|n|---|||||txtccrImpact of Government Expenditure on Growth : The Case of AzerbaijanWashington, D.C. :International Monetary Fund,2008.1 online resource (20 p.)IMF Working PapersIMF working paper ;WP/08/115Description based upon print version of record.1-4519-1429-6 Includes bibliographical references.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 ModelThis 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.IMF Working Papers; Working Paper ;No. 2008/115Petroleum industry and tradeAzerbaijanEconometric modelsPetroleum industry and tradeNigeriaEconometric modelsPetroleum industry and tradeSaudi ArabiaEconometric modelsPublic FinanceimfTaxationimfIndustries: EnergyimfNational Government Expenditures and Related Policies: InfrastructuresimfOther Public Investment and Capital StockimfNational Government Expenditures and Related Policies: GeneralimfBusiness Taxes and SubsidiesimfMacroeconomics: ProductionimfPublic finance & taxationimfPetroleum, oil & gas industriesimfExpenditureimfCapital spendingimfPublic investment spendingimfOil, gas and mining taxesimfOil productionimfExpenditures, PublicimfCapital investmentsimfPublic investmentsimfPetroleum industry and tradeimfSaudi ArabiaimfPetroleum industry and tradeEconometric models.Petroleum industry and tradeEconometric models.Petroleum industry and tradeEconometric models.Public FinanceTaxationIndustries: EnergyNational Government Expenditures and Related Policies: InfrastructuresOther Public Investment and Capital StockNational Government Expenditures and Related Policies: GeneralBusiness Taxes and SubsidiesMacroeconomics: ProductionPublic finance & taxationPetroleum, oil & gas industriesExpenditureCapital spendingPublic investment spendingOil, gas and mining taxesOil productionExpenditures, PublicCapital investmentsPublic investmentsPetroleum industry and trade333.823094754DcWaIMFBOOK9910788238103321Impact of Government Expenditure on Growth3704210UNINA