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Modelling the impact of fiscal policy on non-oil GDP in a resource rich country: Evidence from Azerbaijan

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dc.title Modelling the impact of fiscal policy on non-oil GDP in a resource rich country: Evidence from Azerbaijan en
dc.contributor.author Aliyev, Khatai
dc.contributor.author Dehning, Bruce
dc.contributor.author Nadirov, Orkhan
dc.relation.ispartof Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis
dc.identifier.issn 1211-8516 Scopus Sources, Sherpa/RoMEO, JCR
dc.date.issued 2016
utb.relation.volume 64
utb.relation.issue 6
dc.citation.spage 1869
dc.citation.epage 1878
dc.type article
dc.language.iso en
dc.publisher Mendel University of Agriculture and Forestry Brno
dc.publisher Mendelova zemědělská a lesnická univerzita v Brně cs
dc.identifier.doi 10.11118/actaun201664061869
dc.relation.uri https://acta.mendelu.cz/64/6/1869/
dc.subject Azerbaijan en
dc.subject Fiscal contraction en
dc.subject Non-oil GDP en
dc.subject Public expenditures en
dc.subject Tax revenues en
dc.description.abstract This paper analyses the impact of public expenditures and tax revenues on non-oil economic growth in Azerbaijan for the period of 2000Q1-2015Q2 by employing OLS, ARDL, FMOLS, DOLS, CCR and Granger Causality techniques. Different cointegration methods result in consistent results. In this study, there is strong evidence of significant long-run positive contributions from public expenditures to non-oil sector output. Results also show that tax revenues significantly slow down non-oil economic growth in the long run. Granger Causality analysis finds the existence of a bidirectional short-run association between non-oil GDP and public expenditures, while tax revenues Granger Cause both variables. The research findings should be 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. en
utb.faculty Faculty of Management and Economics
dc.identifier.uri http://hdl.handle.net/10563/1006952
utb.identifier.obdid 43875607
utb.identifier.scopus 2-s2.0-85008618448
utb.source j-scopus
dc.date.accessioned 2017-07-13T14:50:25Z
dc.date.available 2017-07-13T14:50:25Z
dc.rights Attribution-NonCommercial-NoDerivs 4.0 International
dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/4.0/
dc.rights.access openAccess
utb.contributor.internalauthor Nadirov, Orkhan
utb.fulltext.affiliation Khatai Aliyev 1 , Bruce Dehning 2 , Orkhan Nadirov 3 1 Institute for Social Sciences and Humanities, Qafqaz University, Khirdalan, Azerbaijan; Institute of Control Systems, Azerbaijan National Academy of Sciences, Baku, Azerbaijan 2 Argyros School of Business and Economics, Chapman University, Orange, California, United States 3 Faculty of Management and Economics, Tomas Bata University in Zlin, Zlin, Czech Republic Contact information Khatai Aliyev: xaliyev@qu.edu.az Bruce Dehning: bdehning@chapman.edu Orkhan Nadirov: nadirov@fame.utb.cz
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