Modelling the Impact of Fiscal Policy on Non Oil GDP in a Resource Rich Country: Evidence from Azerbaijan
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F70883521%3A28120%2F16%3A43874916" target="_blank" >RIV/70883521:28120/16:43874916 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Alternative languages
Result language
angličtina
Original language name
Modelling the Impact of Fiscal Policy on Non Oil GDP in a Resource Rich Country: Evidence from Azerbaijan
Original language description
This paper analyses the impact of public expenditures and tax revenues on non oil economic growth in Azerbaijan for the period of 2000Q1 2015Q2 by employing OLS, ARDL, FMOLS, DOLS, CCR and Granger Causality techniques. Different cointegration methods result in consistent results. In this study, there is strong evidence of significant long run positive contributions from public expenditures to non oil sector output. Results also show that tax revenues significantly slow down non oil economic growth in the long run. Granger Causality analysis finds the existence of a bidirectional short run association between non oil GDP and public expenditures, while tax revenues Granger Cause both variables. The research findings should be useful for Azerbaijan fiscal policy makers to consider now and in the future. Current plans in Azerbaijan for both public expenditure cuts and tax revenue increases are likely to cause contraction in the Azerbaijan's non oil sector GDP.
Czech name
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Czech description
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Classification
Type
J<sub>x</sub> - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)
CEP classification
AE - Management, administration and clerical work
OECD FORD branch
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Result continuities
Project
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Continuities
V - Vyzkumna aktivita podporovana z jinych verejnych zdroju
Others
Publication year
2016
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis
ISSN
1211-8516
e-ISSN
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Volume of the periodical
64
Issue of the periodical within the volume
6
Country of publishing house
CZ - CZECH REPUBLIC
Number of pages
10
Pages from-to
1869-1878
UT code for WoS article
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EID of the result in the Scopus database
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