Modelling the Impact of Fiscal Policy on Non Oil GDP in a Resource Rich Country: Evidence from Azerbaijan

Kód výsledku v 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>

Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Modelling the Impact of Fiscal Policy on Non Oil GDP in a Resource Rich Country: Evidence from Azerbaijan

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

Modelling the Impact of Fiscal Policy on Non Oil GDP in a Resource Rich Country: Evidence from Azerbaijan

Popis výsledku anglicky

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.

Druh

J_x - Nezařazeno - Článek v odborném periodiku (Jimp, Jsc a Jost)

CEP obor

AE - Řízení, správa a administrativa

OECD FORD obor

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Projekt

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Návaznosti

V - Vyzkumna aktivita podporovana z jinych verejnych zdroju

Rok uplatnění

2016

Kód důvěrnosti údajů

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

Název periodika

Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis

ISSN

1211-8516

e-ISSN

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Svazek periodika

64

Číslo periodika v rámci svazku

6

Stát vydavatele periodika

CZ - Česká republika

Počet stran výsledku

10

Strana od-do

1869-1878

Kód UT WoS článku

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EID výsledku v databázi Scopus

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