Modelling Oil‑Sector Dependency of Tax Revenues in a Resource Rich Country: Evidence from Azerbaijan
Forecasting tax revenues is an important issue in budget planning. As a resource rich country, Azerbaijan’s budget revenues is severely depend on oil price and production levels. This study investigates oil sector dependency of state budget tax revenues in case of Azerbaijan by employing FMOLS, DOLS...
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| Format: | Article |
| Language: | English |
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Mendel University Press
2017-01-01
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| Series: | Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis |
| Subjects: | |
| Online Access: | https://acta.mendelu.cz/65/3/1023/ |
| _version_ | 1818906511975383040 |
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| author | Akif Musayev Khatai Aliyev |
| author_facet | Akif Musayev Khatai Aliyev |
| author_sort | Akif Musayev |
| collection | DOAJ |
| description | Forecasting tax revenues is an important issue in budget planning. As a resource rich country, Azerbaijan’s budget revenues is severely depend on oil price and production levels. This study investigates oil sector dependency of state budget tax revenues in case of Azerbaijan by employing FMOLS, DOLS and CCR cointegration methods for the period of 2000Q1 – 2015Q2. Empirical results indicate statistically and economically significant positive long‑run impact of both oil related factors on tax revenues. Considering current fiscal challenges in the country, research findings are very useful for policy purposes and fills the gap in the literature by drawing mechanism of the association and estimating the relationship empirically. |
| first_indexed | 2024-12-19T21:40:24Z |
| format | Article |
| id | doaj.art-e107ed3e0c414f59a6c73984c4694955 |
| institution | Directory Open Access Journal |
| issn | 1211-8516 2464-8310 |
| language | English |
| last_indexed | 2024-12-19T21:40:24Z |
| publishDate | 2017-01-01 |
| publisher | Mendel University Press |
| record_format | Article |
| series | Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis |
| spelling | doaj.art-e107ed3e0c414f59a6c73984c46949552022-12-21T20:04:40ZengMendel University PressActa Universitatis Agriculturae et Silviculturae Mendelianae Brunensis1211-85162464-83102017-01-016531023102910.11118/actaun201765031023Modelling Oil‑Sector Dependency of Tax Revenues in a Resource Rich Country: Evidence from AzerbaijanAkif Musayev0Khatai Aliyev1Azerbaijan State Oil and Industrial University, Baku, Azerbaijan; Azerbaijan University, Baku, Azerbaijan; Institute of Economics, Azerbaijan National Academy of Sciences, Baku, Azerbaijan; Near East University, Nicosia, TRNCDepartment of World Economy, Baku Engineering University, Khirdalan, Azerbaijan; Institute of Control Systems, Azerbaijan National Academy of Sciences, Baku, AzerbaijanForecasting tax revenues is an important issue in budget planning. As a resource rich country, Azerbaijan’s budget revenues is severely depend on oil price and production levels. This study investigates oil sector dependency of state budget tax revenues in case of Azerbaijan by employing FMOLS, DOLS and CCR cointegration methods for the period of 2000Q1 – 2015Q2. Empirical results indicate statistically and economically significant positive long‑run impact of both oil related factors on tax revenues. Considering current fiscal challenges in the country, research findings are very useful for policy purposes and fills the gap in the literature by drawing mechanism of the association and estimating the relationship empirically.https://acta.mendelu.cz/65/3/1023/tax revenuesoil priceoil productionoil dependencyAzerbaijan |
| spellingShingle | Akif Musayev Khatai Aliyev Modelling Oil‑Sector Dependency of Tax Revenues in a Resource Rich Country: Evidence from Azerbaijan Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis tax revenues oil price oil production oil dependency Azerbaijan |
| title | Modelling Oil‑Sector Dependency of Tax Revenues in a Resource Rich Country: Evidence from Azerbaijan |
| title_full | Modelling Oil‑Sector Dependency of Tax Revenues in a Resource Rich Country: Evidence from Azerbaijan |
| title_fullStr | Modelling Oil‑Sector Dependency of Tax Revenues in a Resource Rich Country: Evidence from Azerbaijan |
| title_full_unstemmed | Modelling Oil‑Sector Dependency of Tax Revenues in a Resource Rich Country: Evidence from Azerbaijan |
| title_short | Modelling Oil‑Sector Dependency of Tax Revenues in a Resource Rich Country: Evidence from Azerbaijan |
| title_sort | modelling oil sector dependency of tax revenues in a resource rich country evidence from azerbaijan |
| topic | tax revenues oil price oil production oil dependency Azerbaijan |
| url | https://acta.mendelu.cz/65/3/1023/ |
| work_keys_str_mv | AT akifmusayev modellingoilsectordependencyoftaxrevenuesinaresourcerichcountryevidencefromazerbaijan AT khataialiyev modellingoilsectordependencyoftaxrevenuesinaresourcerichcountryevidencefromazerbaijan |