Impact of Government Expenditure on Growth: The Case of Azerbaijan

May 1, 2008

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Impact of Government Expenditure on Growth: The Case of Azerbaijan, (USA: International Monetary Fund, 2008) accessed November 21, 2024

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

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.

Subject: Capital spending, Expenditure, Oil production, Oil, gas and mining taxes, Public investment spending

Keywords: Azerbaijan, GDP, Growth spurt, Reduction strategy, WP

Publication Details

Pages:

18
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2008/115
Stock No:

WPIEA2008115
ISBN:

9781451869750
ISSN:

1018-5941

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