Artikel
Management of Oil Revenues: Has That of Azerbaijan Been Prudent?
To help explain the common failure of oil or other natural resource exporting countries to diversify into industry, it has been common to trace this failure to real exchange rate appreciation. This has also been done in Azerbaijan. However, because Azerbaijan has devoted so much of its oil revenues to government investment, Azerbaijan provides a suitable case for examining an alternative link through government investment. This study applies the ARDL cointegration method to quarterly time series data on oil prices, government capital formation, non-oil exports and non-oil GDP to estimate the long run relationships linking oil prices to government investment expenditures and further to generation of non-oil GDP. The results show that despite the massive government investment expenditures, extremely little non-oil production of the tradable type has been generated, calling attention to the need for policy reform.
- Sprache
-
Englisch
- Erschienen in
-
Journal: Economies ; ISSN: 2227-7099 ; Volume: 5 ; Year: 2017 ; Issue: 2 ; Pages: 1-20 ; Basel: MDPI
- Klassifikation
-
Wirtschaft
Sustainable Development
Exhaustible Resources and Economic Development
Energy and the Macroeconomy
National Government Expenditures and Related Policies: Infrastructures; Other Public Investment and Capital Stock
- Thema
-
oil windfall gains
Dutch Disease
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Gurbanov, Sarvar
Nugent, Jeffrey B.
Mikayilov, Jeyhun
- Ereignis
-
Veröffentlichung
- (wer)
-
MDPI
- (wo)
-
Basel
- (wann)
-
2017
- DOI
-
doi:10.3390/economies5020019
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Artikel
Beteiligte
- Gurbanov, Sarvar
- Nugent, Jeffrey B.
- Mikayilov, Jeyhun
- MDPI
Entstanden
- 2017
Ähnliche Objekte (12)
Management of oil revenues: Has that of Azerbaijan been prudent?
Management of Oil Revenues : Has That of Azerbaijan Been Prudent?
Oil revenues and new opportunites in social policy in Azerbaijan
Managing resource revenues in oil-rich CAREC countries : the case of Azerbaijan
Has the recession been overcome?
Stabilization and savings funds to manage natural resource revenues: Kazakhstan and Azerbaijan vs. Norway
Stabilization and savings funds to manage natural resource revenues : Kazakhstan and Azerbaijan vs. Norway
Turkmenistan : has there been a thaw?
Why Has the Euro Been Falling?
Has the VIX index been manipulated?
Average visibility that has been miscalculated
Bildnis Prudent Hévin
Management of oil revenues: Has that of Azerbaijan been prudent?
Management of Oil Revenues : Has That of Azerbaijan Been Prudent?
Oil revenues and new opportunites in social policy in Azerbaijan
Managing resource revenues in oil-rich CAREC countries : the case of Azerbaijan
Has the recession been overcome?
Stabilization and savings funds to manage natural resource revenues: Kazakhstan and Azerbaijan vs. Norway
Stabilization and savings funds to manage natural resource revenues : Kazakhstan and Azerbaijan vs. Norway
Turkmenistan : has there been a thaw?
Why Has the Euro Been Falling?
Has the VIX index been manipulated?
Average visibility that has been miscalculated
Bildnis Prudent Hévin
Management of oil revenues: Has that of Azerbaijan been prudent?
Management of Oil Revenues : Has That of Azerbaijan Been Prudent?
Oil revenues and new opportunites in social policy in Azerbaijan
Managing resource revenues in oil-rich CAREC countries : the case of Azerbaijan
Has the recession been overcome?
Stabilization and savings funds to manage natural resource revenues: Kazakhstan and Azerbaijan vs. Norway
Stabilization and savings funds to manage natural resource revenues : Kazakhstan and Azerbaijan vs. Norway
Turkmenistan : has there been a thaw?
Why Has the Euro Been Falling?
Has the VIX index been manipulated?
Average visibility that has been miscalculated