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...

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Bibliographic Details
Call Number:Libro Electrónico
Main Authors: Thomas, Alun H. (Alun Huw) (Author), Kim, Jun (Jun Il) (Author), Aslam, Aqib (Author)
Corporate Authors: International Monetary Fund. Policy Development and Review Department, International Monetary Fund. Research Department
Format: Electronic eBook
Language:Inglés
Published: Washington, D.C. : International Monetary Fund, ©2008.
©2008
Series:IMF working paper ; WP/08/198.
Subjects:
Equilibrium (Economics) > Econometric models.
Balance of payments > Econometric models.
Petroleum industry and trade > Econometric models.
Équilibre (Économie politique) > Modèles économétriques.
Balance des paiements > Modèles économétriques.
Pétrole > Industrie et commerce > Modèles économétriques.
Balance of payments > Econometric models
Equilibrium (Economics) > Econometric models
Petroleum industry and trade > Econometric models
Wechselkurs.
Leistungsbilanz.
Zahlungsbilanzgleichgewicht.
Erdölvorkommen.
Online Access:Texto completo
Table of Contents:
  • 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

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