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How to Conceptualize the Resource Curse and Dutch Disease Theories in the Case of Azerbaijan? Initial and Negative Findings
Niftiyev, Ibrahim - 2021
Azerbaijan's economy is extractive industry-led and not well-diversified. A comprehensive understanding of the role of … the oil industry in the Azerbaijani economy is still a desideratum. Azerbaijan's national economy was a popular case study … being explored. This working paper is nothing more than experimentation results for the Azerbaijan economy within the NRS …
Persistent link: https://www.econbiz.de/10013224595
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Economic growth with constraints on tax revenues and public debt: Implications for fiscal policy and cross-country differences
Aizenman, Joshua; Kletzer, Kenneth; Pinto, Brian - 2007
This paper evaluates optimal public investment and fiscal policy for countries characterized by limited tax and debt capacities. We study a non stochastic CRS endogenous growth model where public expenditure is an input in the production process, in countries where distortions and limited...
Persistent link: https://www.econbiz.de/10010322715
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Economic growth with constraints on tax revenues and public debt: Implications for fiscal policy and cross-country differences
Aizenman, Joshua; Kletzer, Kenneth; Pinto, Brian - 2007
This paper evaluates optimal public investment and fiscal policy for countries characterized by limited tax and debt capacities. We study a non stochastic CRS endogenous growth model where public expenditure is an input in the production process, in countries where distortions and limited...
Persistent link: https://www.econbiz.de/10010285326
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Analysis of Inflation Trends in Urban and Rural Parts of Azerbaijan : Main Drivers and Links to Oil Revenue
Niftiyev, Ibrahim - 2020
-based inflation indicator via the help of the Laspeyres price index in the case of Azerbaijan to evaluate the post-booming period … dynamics and trends in the case of oil-rich Azerbaijan …
Persistent link: https://www.econbiz.de/10014090951
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Public investment in developing countries: A blessing or a curse?
Cavallo, Eduardo; Daude, Christian - 2008
This paper analyzes the impact of public investment on private investment in panel of 116 developing countries between 1980 and 2006 using dynamic panel data techniques, finding a strong and robust crowding-out effect that seems to be the norm rather than the exception, both across regions and...
Persistent link: https://www.econbiz.de/10010278277
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The effect of trade openness on optimal government size under endogenous firm entry
Hanslin, Sandra - 2008
This paper analyzes the effect of trade liberalization on government spending in a general equilibrium model with a continuum of industries supplying tradable and nontradable goods under monopolistic competition. Trade liberalization is modeled as the opening up of product markets between two...
Persistent link: https://www.econbiz.de/10010315478
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Trade openness, gains from variety and government spending
Hanslin, Sandra - 2010
This paper investigates empirically the effect of import diversity on government size and provides evidence for the love of variety effect on government spending described in Hanslin (2008). I argue that crowding out of firms is an important cost of public good provision. However, due to the...
Persistent link: https://www.econbiz.de/10010315489
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Population Ageing, Government Budgets, and Productivity Growth in Politico-Economic Equilibrium
Gonzales-Eiras, Martín; Niepelt, Dirk - 2007
We analyze the effect of changes in fertility and longevity on taxes, the composition of government spending, and productivity. To that purpose, we introduce politics in an OLG economy with endogenous growth due to human and physical capital accumulation. Population ageing shifts political power...
Persistent link: https://www.econbiz.de/10011430063
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Macroeconomic determinants of exit from aid-dependence
Hailu, Degol; Shiferaw, Admasu - 2012
This paper analyses macroeconomic aspects of exit from aid-dependence. By 'exit from aid', we mean substantial and enduring decline over time in Official Development Assistance (ODA) as a share of Gross Domestic Product (GDP). The relevant macroeconomic variables are identified by systematically...
Persistent link: https://www.econbiz.de/10010293266
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The impact of inflation targeting on unemployment in developing and emerging economies
Divino, Jose Angelo - 2009
Several countries around the world have adopted the inflation targeting regime for monetary policy. Despite the growing literature on the issue, it is not clear whether developing and emerging countries can improve their economic performance by adopting inflation targeting. This working paper...
Persistent link: https://www.econbiz.de/10010293308