Modelling 'Productivity' of Budget Expenditure Items Before-and-After the Oil Boom 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%3A43874917" target="_blank" >RIV/70883521:28120/16:43874917 - 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 'Productivity' of Budget Expenditure Items Before-and-After the Oil Boom in a Resource Rich Country: Evidence From Azerbaijan

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

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

Popis výsledku anglicky

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.

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

International Journal of Economic Research

ISSN

0972-9380

e-ISSN

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Svazek periodika

13

Číslo periodika v rámci svazku

3

Stát vydavatele periodika

IN - Indická republika

Počet stran výsledku

14

Strana od-do

1793-1806

Kód UT WoS článku

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EID výsledku v databázi Scopus

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