Testing Wagner’s Law in an Oil-Exporting Economy: the Case of Azerbaijan

Bashirli, Samad; Sabiroglu, Ilkin M.

doi:10.1007/s11300-013-0292-4

Cited by 5 publications

(3 citation statements)

References 31 publications

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“…Research findings support the outcome existence of previous studies at some level. For Azerbaijan, Wagner's law is found to be valid in Bashirli and Sabiroglu (2013) while here it is not. However, existing studies mostly support existence of Keynesian hypothesis (see Dehning et al, 2016;Aliyev and Mikayilov, 2016;Hasanov et al, 2018 among others).…”

Section: Discussionmentioning

confidence: 55%

Testing Wagner's Law and Keynesian Hypothesis in Selected Post-Soviet Countries

Abbasov¹,

Aliyev²

2018

Acta Univ. Agric. Silvic. Mendelianae Brun.

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The aim of this research is to test Wagner’s law and Keynesian hypothesis in 9 Post‑Soviet countries – Estonia, Latvia, Lithuania, Uzbekistan, Azerbaijan, Georgia, Kyrgyz Republic, Moldova, and Ukraine. For this purpose, long‑ and short‑run causality between real per capita GDP and real per capita government expenditures are estimated by employing ARDL modelling approach. Estimation results support validity of Wagner’s law for Latvia, Lithuania, Uzbekistan, Georgia, Kyrgyz Republic and Ukraine, and validity of Keynesian hypothesis for Estonia, Uzbekistan, Azerbaijan, Kyrgyz Republic, and Moldova in the long‑run. Meanwhile, research findings indicate strong bidirectional short‑run causality in all countries except Lithuania and Kyrgyz Republic in the short‑run.

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Section: Discussionmentioning

confidence: 55%

Testing Wagner's Law and Keynesian Hypothesis in Selected Post-Soviet Countries

Abbasov¹,

Aliyev²

2018

Acta Univ. Agric. Silvic. Mendelianae Brun.

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“…Paper by Bashirli and Sabiroglu (2013) tested the Wagner's law in case of Azerbaijan by using bound testing approach and autoregressive distributed lag techniques. According to research results validity of Wagner's law in Azerbaijan economy was supported.…”

Section: Literature Reviewmentioning

confidence: 99%

“…Regardless to research methods and ways almost all investigations found positive impact of fiscal policy on economic growth for case of Azerbaijan. Authors such as Bashirli and Sabiroglu (2013) Mukhtarov and Rustamov (2018) investigated the link between fiscal policy and economic growth from different perspectives with various empirical approaches. This research analyzes the impact of fiscal policy on economic growth for case of Azerbaian by using Vector Error Correction Model over the period of 2000Q1-2017Q3.…”

Section: Introductionmentioning

confidence: 99%

Evaluation of fiscal policy impact on economic growth: The case of Azerbaijan

2018

ASERC

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This research investigates the impact of fiscal policy on non-oil economic growth in case of Azerbaijan. Authors apply Johansen Cointegration test and Vector Error Correction Model (VECM) over the period of 2000Q1-2017Q3 for estimating impact of budget revenues and expenditures on non-oil economic growth. Our results suggest that there is negative impact of budget revenues on GDP. However, Positive relationship was found between budget expenditures and GDP. Results coincide with findings obtained from other researches and can be used for different purposes by researchers and policy-makers.

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