04952oam 22011534 450 991096112180332120250426110055.097866128406929781462344703146234470497814527319331452731934978145186975014518697549781282840690128284069X(CKB)3170000000055026(EBL)1607871(SSID)ssj0000944143(PQKBManifestationID)11573590(PQKBTitleCode)TC0000944143(PQKBWorkID)10982652(PQKB)10312651(OCoLC)815737975(MiAaPQ)EBC1607871(IMF)WPIEE2008115(IMF)WPIEA2008115WPIEA2008115(EXLCZ)99317000000005502620020129d2008 uf 0engur|n|---|||||txtccrImpact of Government Expenditure on Growth : The Case of Azerbaijan1st ed.Washington, 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.9781451914290 1451914296 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 modelsBusiness Taxes and SubsidiesimfCapital investmentsimfCapital spendingimfExpenditureimfExpenditures, PublicimfIndustries: EnergyimfMacroeconomics: ProductionimfNational Government Expenditures and Related Policies: GeneralimfNational Government Expenditures and Related Policies: InfrastructuresimfOil productionimfOil, gas and mining taxesimfOther Public Investment and Capital StockimfPetroleum industry and tradeimfPetroleum, oil & gas industriesimfPublic finance & taxationimfPublic FinanceimfPublic investment spendingimfPublic investmentsimfTaxationimfSaudi ArabiaimfPetroleum industry and tradeEconometric models.Petroleum industry and tradeEconometric models.Petroleum industry and tradeEconometric models.Business Taxes and SubsidiesCapital investmentsCapital spendingExpenditureExpenditures, PublicIndustries: EnergyMacroeconomics: ProductionNational Government Expenditures and Related Policies: GeneralNational Government Expenditures and Related Policies: InfrastructuresOil productionOil, gas and mining taxesOther Public Investment and Capital StockPetroleum industry and tradePetroleum, oil & gas industriesPublic finance & taxationPublic FinancePublic investment spendingPublic investmentsTaxation333.823094754DcWaIMFBOOK9910961121803321Impact of Government Expenditure on Growth4371618UNINA