Hasanov, Fakhri J.; Mammadov, Fuad; Al-Musehel, Nayef - In: Economies : open access journal 6 (2018) 2, pp. 1-21
We investigate non-oil sector effects of fiscal policy in Azerbaijan over a long time period in which a recent low oil … statistically significant positive impact on the non-oil sector both in the long and short run. However, the size of the impact is … small compared to the findings of earlier studies due to, we believe, the low oil-price environment and different …