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The Role of Social and Physical Infrastructure Spending in Tradable and Non-Tradable Growth
Fakhri, Hasanov Javanshir - 2019
This study investigates the impact of social and physical infrastructure spending on the non-oil tradable and non-tradable sectors while controlling for non-oil capital stock and employment in the Azerbaijani economy for the period 1995-2014. The analysis employs the Engle-Granger and...
Persistent link: https://www.econbiz.de/10012870984
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The role of social and physical infrastructure spending in tradable and non-tradable growth
Zainudin, Zalina - In: Contemporary Economics 13 (2019) 1, pp. 79-98
This study investigates the impact of social and physical infrastructure spending on the non-oil tradable and non-tradable sectors while controlling for non-oil capital stock and employment in the Azerbaijani economy for the period 1995-2014. The analysis employs the Engle-Granger and...
Persistent link: https://www.econbiz.de/10014544468
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Dutch disease and Azerbaijan economy
Hasanov, Fakhari - 2011
Persistent link: https://www.econbiz.de/10009501402
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Fiscal Space for Social Protection and the SDGs : Options to Expand Social Investments in 187 Countries
Ortiz, Isabel; Cummins, Matthew; Karunanethy, Kalaivani - 2017
It is often argued that social protection is not affordable or that government expenditure cuts are inevitable during adjustment periods. But there are alternatives, even in the poorest countries. This working paper offers eight options that should be explored to expand fiscal space and generate...
Persistent link: https://www.econbiz.de/10014036131
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Aid induced structural change in developing countries : an extension of the two-gap model
Usui, Norio - In: The Singapore economic review : journal of the Economic … 41 (1996) 2, pp. 53-66
Persistent link: https://www.econbiz.de/10001379001
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Risky business : political instability and greenfield foreign direct investment in the Arab world
Burger, Martijn J.; Ianchovichina, Elena; Rijkers, Bob - 2013
Persistent link: https://www.econbiz.de/10010222835
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Revisiting the Commodity Curse : A Financial Perspective
Alberola, Enrique - 2017
We study the response of a three-sector commodity-exporter small open economy to a commodity price boom. When the economy has access to international borrowing and lending, a temporary commodity price boom brings about the standard wealth effect that stimulates demand and has long-run...
Persistent link: https://www.econbiz.de/10012963083
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Revisiting the Commodity Curse : A Financial Perspective
Alberola, Enrique - 2017
We study the response of a three-sector commodity-exporter small open economy to a commodity price boom. When the economy has access to international borrowing and lending, a temporary commodity price boom brings about the standard wealth effect that stimulates demand and has long-run...
Persistent link: https://www.econbiz.de/10012963828
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Revisiting the Commodity Curse : A Financial Perspective
Alberola, Enrique - 2017
We study the response of a three-sector commodity-exporter small open economy to a commodity price boom. When the economy has access to international borrowing and lending, a temporary commodity price boom brings about the standard wealth effect that stimulates demand and has long-run...
Persistent link: https://www.econbiz.de/10012962189
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An Alternative Interpretation of the 'Resource Curse' : Theory and Policy Implications
Hausmann, Ricardo; Rigobon, Roberto - 2021
between two building blocks: specialization in non-tradables and financial market imperfections. We show that if a country has … generates significant volatility in the demand for non-tradables. However, when the non-resource tradable sector disappears, the … economy becomes much more volatile, because shocks to the demand for non-tradables - possibly associated with shocks to …
Persistent link: https://www.econbiz.de/10013235591