The relationship between public debt and economic growth: The case of Azerbaijan

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Jabiyev F., Asgarov A., Heydarli T.

Journal of International Studies, vol.15, no.4, pp.213-225, 2022 (Scopus) identifier

  • Nəşrin Növü: Article / Article
  • Cild: 15 Say: 4
  • Nəşr tarixi: 2022
  • Doi nömrəsi: 10.14254/2071-8330.2022/15-4/13
  • jurnalın adı: Journal of International Studies
  • Jurnalın baxıldığı indekslər: Scopus, Central & Eastern European Academic Source (CEEAS), EconLit, Directory of Open Access Journals
  • Səhifə sayı: pp.213-225
  • Açar sözlər: Azerbaijan, economic growth, FMOLS, public debt
  • Adres: Yox

Qısa məlumat

This study investigates the relationship between public debt and economic growth in Azerbaijan by applying FMOLS model to data from 1995 to 2020. The findings of the study show that government debt negatively affects economic growth. They also indicate that a 1% growth in export and real exchange rate increases GDP by 0.209% and 0.202%, respectively. The results of this study are useful for policymakers and they advance the economic literature to facilitate further research into developing oil-rich countries.