CEU Electronic Theses and Dissertations, 2016
| Author | Safarzade, Togrul |
|---|---|
| Title | The role of fiscal decentralization in Azerbaijan's economic growth in the context of the recent oil price drop related crisis |
| Summary | Recent drops in world oil prices have created many challenges to developing oil producing countries in terms of economic sustainability. Azerbaijan is also one of the victims of this phenomena. Excessive dependence on oil and failure in diversification of the economy put the country in the verge of severe crisis that recently led to devaluation of the currency significantly. Since then, by taking too many responsibilities the government has been trying to tackle with crisis. On the contrary, such excessive responsibilities slowed down the application of effective crisis-related policies of the government. Thus, this research argues that nowadays distribution of more economic power to subnational governments to make their own revenues is essential in order to meet some part of their expenditures instead of totally depending on transfers from the central budget. Especially, it assumes that positive modifications in local tax policies would lessen the impact of recent oil price drop related crisis. |
| Supervisor | Barati-Stec Izabella |
| Department | School of Public Policy MA |
| Full text | https://www.etd.ceu.edu/2016/safarzade_togrul.pdf |
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