The Impact of Oil Prices on the Capital Expenditures of the State Budget in Azerbaijan
The article studies the theoretical and practical approaches related to the allocation of oil revenues for public investment. Based on the two-step Engel-Granger procedure for cointegration analysis, the relationship between the ratio of the capital expenditures of the state budget to non-oil GDP a...
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| Format: | Article |
| Language: | English |
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EconJournals
2022-11-01
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| Series: | International Journal of Energy Economics and Policy |
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| Online Access: | https://econjournals.com/index.php/ijeep/article/view/13656 |