The Impact of Oil Prices on the Capital Expenditures of the State Budget in Azerbaijan
نویسندگان
چکیده
The article studies the theoretical and practical approaches related to allocation of oil revenues for public investment. Based on two-step Engel-Granger procedure cointegration analysis, relationship between ratio capital expenditures state budget non-oil GDP logarithm real prices in Azerbaijan is investigated. It has been determined that investment highly dependent price, volatility price also affects these expenditures. So, it was proposed should be based goals economic development, not depending changes prices.
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ژورنال
عنوان ژورنال: International Journal of Energy Economics and Policy
سال: 2022
ISSN: ['2146-4553']
DOI: https://doi.org/10.32479/ijeep.13656