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Modelling 'productivity' of budget expenditure items before-and-after the oil boom in a resource rich country: Evidence from Azerbaijan

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dc.title Modelling 'productivity' of budget expenditure items before-and-after the oil boom in a resource rich country: Evidence from Azerbaijan en
dc.contributor.author Dehning, Bruce
dc.contributor.author Aliyev, Khatai
dc.contributor.author Nadirov, Orkhan
dc.relation.ispartof International Journal of Economic Research
dc.identifier.issn 0972-9380 Scopus Sources, Sherpa/RoMEO, JCR
dc.date.issued 2016
utb.relation.volume 13
utb.relation.issue 4
dc.citation.spage 1793
dc.citation.epage 1806
dc.type article
dc.language.iso en
dc.publisher Serials Publications
dc.subject ARDLBT approach en
dc.subject Budget expenditure items en
dc.subject Keynesian hypothesis en
dc.subject Non-oil output growth en
dc.description.abstract 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. IJER © Serials Publications. en
utb.faculty Faculty of Management and Economics
dc.identifier.uri http://hdl.handle.net/10563/1006831
utb.identifier.obdid 43875608
utb.identifier.scopus 2-s2.0-84994376770
utb.source j-scopus
dc.date.accessioned 2017-02-28T15:11:31Z
dc.date.available 2017-02-28T15:11:31Z
utb.contributor.internalauthor Nadirov, Orkhan
utb.fulltext.affiliation Bruce Dehning1, Khatai Aliyev2, Orkhan Nadirov3 * Associate Professor, Argyros School of Business and Economics, Chapman University Orange, California, United States; E-mail: bdehning@chapman.edu ** Institute for Social Sciences and Humanities, Qafqaz University, Khirdalan / Institute of Control Systems, Azerbaijan National Academy of Sciences, Baku, Azerbaijan, E-mail: xaliyev@qu.edu.az *** Faculty of Management and Economics, Tomas Bata University in Zlin, Zlin, Czech Republic, E-mail: nadirov@fame.utb.cz
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