Title: FISCAL POLICY CHALLENGES: THE CASE OF AZERBAIJAN
Abstract:This article deals with fiscal policy challenges of Azerbaijan economy arising from oil extraction and exportation of the country. As background information, author provides macroeconomic overview by ...This article deals with fiscal policy challenges of Azerbaijan economy arising from oil extraction and exportation of the country. As background information, author provides macroeconomic overview by assessing several macroeconomic indicators in order to get well aware of the current situation in the country. Through evaluation of economic cycle, fiscal policy has been examined in terms of pro-cyclical and counter-cyclical perspectives. Furthermore, fiscal policy framework has been measured by analyzing various fiscal variables, discussion of fiscal rules and long-term sustainability as well as efficient public financial management system. In this article, Norway is shown as a successful country in oil revenue management by implementation of several explicit fiscal rules. Fiscal consolidation target of Japan's economy is also mentioned in this paper. At the end of this article, author delivers conclusion and some policy recommendations.Read More
Publication Year: 2018
Publication Date: 2018-01-01
Language: en
Type: article
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