Modelling 'Productivity' of Budget Expenditure Items Before-and-After the Oil Boom in a Resource Rich Country: Evidence From Azerbaijan

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F70883521%3A28120%2F16%3A43874917" target="_blank" >RIV/70883521:28120/16:43874917 - isvavai.cz</a>

Result on the web

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DOI - Digital Object Identifier

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Result language

angličtina

Original language name

Modelling 'Productivity' of Budget Expenditure Items Before-and-After the Oil Boom in a Resource Rich Country: Evidence From Azerbaijan

Original language description

This research investigates the " productivity " of budget expenditure items (capital, education, health, social, administration, and other expenditures) in terms of encouraging non-oil output growth in the long-run while controlling for tax revenues and oil related factors. Authors employ ARDLBT approach to cointegration for the period of 2000Q1-2014Q4 to estimate long-run impact over non-oil GDP for each expenditure item, separately, in case of Azerbaijan. Estimation results provide statistically significant and positive contribution of all expenditure items, supported by Keynesian theory. However, productivity of all type of expenditures has significantly decreased after the oil boom. Research findings are useful for policymakers to consider while allocating budget expenditures.

Czech name

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Czech description

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Type

J_x - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)

CEP classification

AE - Management, administration and clerical work

OECD FORD branch

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Project

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Continuities

V - Vyzkumna aktivita podporovana z jinych verejnych zdroju

Publication year

2016

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

International Journal of Economic Research

ISSN

0972-9380

e-ISSN

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Volume of the periodical

13

Issue of the periodical within the volume

3

Country of publishing house

IN - INDIA

Number of pages

14

Pages from-to

1793-1806

UT code for WoS article

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EID of the result in the Scopus database

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