Trade Elasticities in the Middle East and Central Asia.

The analysis in this paper suggests that import and export volume elasticities are markedly lower in oil-exporting Middle East and Central Asian countries than in non-oil countries in the region. A key implication of this finding is that a real appreciation of the exchange rate in oil-exporting coun...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Billmeier, Andreas
Otros Autores: Hakura, Dalia
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Washington : International Monetary Fund, 2008.
Colección:IMF Working Papers.
Temas:
Elasticity (Economics) > Middle East.
Elasticity (Economics) > Asia, Central.
Elasticity (Economics) > Econometric models.
Élasticité (Économie politique) > Asie centrale.
Élasticité (Économie politique) > Modèles économétriques.
Elasticity (Economics)
Elasticity (Economics) > Econometric models
Central Asia
Middle East
Acceso en línea:Texto completo
Descripción
Sumario:The analysis in this paper suggests that import and export volume elasticities are markedly lower in oil-exporting Middle East and Central Asian countries than in non-oil countries in the region. A key implication of this finding is that a real appreciation of the exchange rate in oil-exporting countries would achieve little in terms of expenditure switching: an appreciation does not boost imports and non-oil exports constitute only a small share of GDP and total trade in these countries. Therefore, while a real appreciation lowers the current account surplus of oil-exporting countries through.
Descripción Física:1 online resource (35 pages)
ISBN:9781451915273
1451915276

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