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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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Détails bibliographiques
Cote:Libro Electrónico
Auteurs principaux: Thomas, Alun H. (Alun Huw) (Auteur), Kim, Jun (Jun Il) (Auteur), Aslam, Aqib (Auteur)
Collectivités auteurs: International Monetary Fund. Policy Development and Review Department, International Monetary Fund. Research Department
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