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...
Cote: | Libro Electrónico |
---|---|
Auteurs principaux: | , , |
Collectivités auteurs: | , |
Format: | Électronique eBook |
Langue: | Inglés |
Publié: |
Washington, D.C. :
International Monetary Fund,
©2008.
©2008 |
Collection: | IMF working paper ;
WP/08/198. |
Sujets: | |
Accès en ligne: | Texto completo |
Table des matières:
- 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