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Today versus Tomorrow.

This paper applies the Permanent Income Model to the non-oil current accounts of the major oil exporters to assess the extent to which national consumption decisions in these countries are made on the basis of permanent versus current income. A test of whether the return on oil wealth and oil balanc...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Thomas, Alun H.
Otros Autores: Bayoumi, Tamim
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Washington : International Monetary Fund, 2009.
Colección:IMF Working Papers.
Temas:
Acceso en línea:Texto completo

MARC

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245 1 0 |a Today versus Tomorrow. 
260 |a Washington :  |b International Monetary Fund,  |c 2009. 
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490 1 |a IMF Working Papers ;  |v v. Working Paper No. 09/248 
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505 0 |a Cover Page; Title Page; Copyright Page; Contents; I. Introduction; II. Theoretical Considerations; III. Data Analysis; IV. Estimation; A. Non-oil Current Account Balance; 1. Regional Non-Oil Current Accounts; 1. Determinants of Non-oil Current Account; B. Non-oil Fiscal Balance; 2. Regional Non-Oil Fiscal Deficits; 2. Determinants of the Non-oil Fiscal Balance; C. Public and Private Sectors; 3. Determinants of Non-oil Current Account; V. Conclusion; References; Footnotes. 
520 |a This paper applies the Permanent Income Model to the non-oil current accounts of the major oil exporters to assess the extent to which national consumption decisions in these countries are made on the basis of permanent versus current income. A test of whether the return on oil wealth and oil balance coefficients sum to unity is accepted for all specifications that adjust the return on wealth for future population changes. For oil-exporting countries outside Africa, around half of the fluctuations in the private sector non-oil balance are driven by considerations of changes in permanent income. 
590 |a ProQuest Ebook Central  |b Ebook Central Academic Complete 
650 0 |a Petroleum industry and trade  |x Econometric models. 
650 0 |a Balance of payments  |x Econometric models. 
650 0 |a Consumption (Economics)  |x Mathematical models. 
650 0 |a Revenue  |x Econometric models. 
650 6 |a Pétrole  |x Industrie et commerce  |x Modèles économétriques. 
650 6 |a Balance des paiements  |x Modèles économétriques. 
650 6 |a Revenus de l'État  |x Modèles économétriques. 
650 7 |a Balance of payments  |x Econometric models  |2 fast 
650 7 |a Consumption (Economics)  |x Mathematical models  |2 fast 
650 7 |a Petroleum industry and trade  |x Econometric models  |2 fast 
650 7 |a Revenue  |x Econometric models  |2 fast 
700 1 |a Bayoumi, Tamim. 
758 |i has work:  |a Today versus tomorrow (Text)  |1 https://id.oclc.org/worldcat/entity/E39PCGbyK6Ym7q6KqgYvXPFD4q  |4 https://id.oclc.org/worldcat/ontology/hasWork 
776 0 8 |i Print version:  |a Thomas, Alun H.  |t Today versus Tomorrow: The Sensitivity of the Non-Oil Current Account Balance to Permanent and Current Income.  |d Washington : International Monetary Fund, ©2009  |z 9781451873955 
830 0 |a IMF Working Papers. 
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