Fiscal policy and economic cycles in oil-exporting countries /

This paper empirically assesses the impact of oil price shocks on the underlying non-oil economic cycle in oil-exporting countries. Panel VAR analysis and the associated impulse responses indicate that in countries where the oil sector is large in relation to the economy, oil price changes affect th...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autores principales: Husain, Aasim M. (Autor), Tazhibayeva, Kamilya (Autor), Ter-Martirosyan, Anna (Autor)
Autor Corporativo: International Monetary Fund. Middle East and Central Asia Department
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Washington, D.C. : International Monetary Fund, ©2008.
Colección:IMF working paper ; WP/08/253.
Temas:
Fiscal policy > Econometric models.
Business cycles > Econometric models.
Petroleum industry and trade > Econometric models.
Politique fiscale > Modèles économétriques.
Cycles économiques > Modèles économétriques.
Pétrole > Industrie et commerce > Modèles économétriques.
Business cycles > Econometric models
Fiscal policy > Econometric models
Petroleum industry and trade > Econometric models
Konjunktur.
Finanzpolitik.
Mineralölpreisschock.
Theorie.
Acceso en línea:Texto completo
Descripción
Sumario:This paper empirically assesses the impact of oil price shocks on the underlying non-oil economic cycle in oil-exporting countries. Panel VAR analysis and the associated impulse responses indicate that in countries where the oil sector is large in relation to the economy, oil price changes affect the economic cycle only through their impact on fiscal policy. Once fiscal policy changes are removed, oil price shocks do not have a significant independent effect on the economic cycle.
Notas:At head of title: Middle East and Central Asia Department.
"November 2008."
Descripción Física:1 online resource (21 pages) : illustrations
Bibliografía:Includes bibliographical references (pages 18-19).

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