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We investigate non-oil sector effects of fiscal policy in Azerbaijan over a long time period in which a recent low oil …
Persistent link: https://www.econbiz.de/10011853814
This paper analyses the impact of public expenditures and tax revenues on non‑oil economic growth in Azerbaijan for the … 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 …
Persistent link: https://www.econbiz.de/10012829189
It is often argued that policies designed to protect the environment may harm economic growth. Moreover, if introduced unilaterally by a given country, they may reduce the competitiveness of domestic firms. These arguments are generally based on the assumption that environmental protection has...
Persistent link: https://www.econbiz.de/10014067998
This paper assesses the effects of fiscal consolidations associated with public debt reduction on medium-term output growth during periods of private debt deleveraging. The analysis covers 107 countries and 79 episodes of public debt reduction driven by discretionary fiscal adjustments during...
Persistent link: https://www.econbiz.de/10013071366
Genuine saving measures net investment in produced, natural and human capital. It is a necessary condition for weak sustainable development that genuine saving not be persistently negative. However, according to data provided by the World Bank, resource-rich countries are systematically failing...
Persistent link: https://www.econbiz.de/10014071807
macroeconomic fundamentals using data from Azerbaijan. The empirical analysis applies ARDL Cointegration methodology in conjunction …
Persistent link: https://www.econbiz.de/10009501320
macroeconomic fundamentals using data from Azerbaijan. The empirical analysis applies ARDL Cointegration methodology in conjunction …
Persistent link: https://www.econbiz.de/10013120746
The paper attempted to analyzes linkages between fiscal policies (public expenditure and public debt) and economic growth by investigating the impact of public expenditure and public debt on economic growth (GSDP). To find out empirically the relationship between GSDP and Public Debt, the study...
Persistent link: https://www.econbiz.de/10011526592
This policy brief reexamines the effects of the Greek austerity experiment on its economy via a counterfactual analysis. We combine the fiscal multipliers from the meta regression analysis in Gechert and Rannenberg (2014) to the fiscal consolidation measures that have been implemented in Greece...
Persistent link: https://www.econbiz.de/10011498230
Implementation of fiscal consolidation by advanced economies in coming years needs to take into account the short and long-run interactions between economic growth and fiscal policy. Many countries must reduce high public debt to GDP ratios that penalize longterm growth. However, fiscal...
Persistent link: https://www.econbiz.de/10013102268