Impact of Government Expenditure on Growth : The Case of Azerbaijan

WPIEA2008115 Image
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Release Date: © May, 2008
ISBN : 978-1-45186-975-0
Stock #: WPIEA2008115
Stock Status: On back-order

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This paper evaluates a fiscal scenario based on the assumption of a rapid scaling-up of expenditure to be followed by a rapid scaling-down in the context of Azerbaijan's current temporary oil production boom. To this end, it relies on a review of historical precedents and a neoclassical growth model. Based on both strands of analysis, the paper suggests that the evaluated fiscal scenario poses significant risks to growth sustainability.

More publications in this series: Working Papers