Oil prices, external income, and growth : lessons from Jordan /
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Author / Creator: | Mohaddes, Kamiar, author. |
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Imprint: | [Washington, D.C.] : International Monetary Fund, ©2011. |
Description: | 1 online resource (33 pages) : color charts. |
Language: | English |
Series: | IMF working paper ; WP/11/291 IMF working paper ; WP/11/291. |
Subject: | |
Format: | E-Resource Book |
URL for this record: | http://pi.lib.uchicago.edu/1001/cat/bib/12499827 |
Table of Contents:
- Cover; Contents; I. Introduction; II. The Theoretical Model; A. Long Run Output Equation; Figures; 1. External Income and Remittances to GDP Ratios; 2. External Income and Price of Oil, in Log Level; Tables; 1. Cointegration Rank Test Statistics for the VAR(2) Model with External Income and Price of Oil; 3. Oil Export Revenues to Income Ratios for Major Oil Exporters; B. Other Long Run Relations; C. Application to Other Countries; III. Data; A. Construction of Macro Variables; 4. External Income to GDP Ratios; B. Macroeconomic Trends in Jordan 1979-2009.
- IV. A VARX* Error Correction Model for Jordan5. Macroeconomic Variables for Jordan, in Log Level; V. Long-Run Estimates and Tests; A. Unit Root Test Results; B. Order Selection and Deterministic Components; 2. Unit Root Test Statistics (based on AIC Order Selection); C. Estimation and Testing of the Long-Run Relations; 3. Lag Order Selection Criteria; 4. Cointegration Rank Test Statistics for the VARX*(2,2) Model; Testing Long-Run Theory Restrictions; Using External Income as Opposed to Oil Prices; 5. Cointegration Rank Test Statistics for the VARX*(2,2) Model; VI. Short-Run Dynamics.
- A. Persistence ProfilesB. Generalized Impulse Responses (GIRFs); 6. The Persistence Profiles of the Effect of a System-wide Shock to the Cointegrating Relations (with 95 Percent Bootstrapped Confidence Bounds); 7. Generalized Impulse Responses of a Positive Unit Shock to the Price of Oil (with 95 Percent Bootstrapped Confidence Bounds); 8. Generalized Impulse Responses of a Positive Unit Shock to Foreign Output (with 95 Percent Bootstrapped Confidence Bounds); 9. Generalized Impulse Responses of a Positive Unit Shock to Foreign Inflation (with 95 Percent Bootstrapped Confidence Bounds).
- C. Error-Correction Equations6. Reduced-form Error Correction Equations of the VECX*; 10. Actual, Fitted, and Residuals for the Core Equations; VII. Concluding Remarks; References.