Equilibrium non-oil current account assessments for oil producing countries /
This paper introduces a methodology for assessing external balance in countries with large stocks of non-renewable resources based on oil stock data, and applies it to selected oil producing countries. The methodology uses a stock approach (instead of the more traditional flow approach) to estimate...
Clasificación: | Libro Electrónico |
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Autores principales: | , , |
Autores Corporativos: | , |
Formato: | Electrónico eBook |
Idioma: | Inglés |
Publicado: |
Washington, D.C. :
International Monetary Fund,
©2008.
©2008 |
Colección: | IMF working paper ;
WP/08/198. |
Temas: | |
Acceso en línea: | Texto completo |
Tabla de Contenidos:
- I. Introduction; II. Basic Structure of Alternative Methodology; Existing analysis; III. Model; A. General Model; B. Model Application to Oil Based Economy; IV. Estimation; V. Sensitivity Tests of the Annual Return on Oil Wealth; VI. Equilibrium Non-oil Current Account Assessment; A. Historical Accuracy of the Consumption Smoothing Model; B. Country Estimates of Non-oil Current Account; VII. Conclusions; References