Impact of Government Expenditureon Growth
AbstractThis 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.
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Bibliographic InfoPaper provided by International Monetary Fund in its series IMF Working Papers with number 08/115.
Date of creation: 01 May 2008
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This paper has been announced in the following NEP Reports:
- NEP-ALL-2008-06-21 (All new papers)
- NEP-CIS-2008-06-21 (Confederation of Independent States)
- NEP-ENE-2008-06-21 (Energy Economics)
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- Sabiroglu, Ilkin M. & Bashirli, Samad, 2012. "Input–output analysis in an oil-rich economy: The case of Azerbaijan," Resources Policy, Elsevier, vol. 37(1), pages 73-80.
- Maku, Olukayode E., 2009. "Does government spending spur economic growth in Nigeria?," MPRA Paper 17941, University Library of Munich, Germany.
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