Trade Elasticities in the Middle East and Central Asia : What Is the Role of Oil?.

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Bibliographic Details
Author / Creator:	Billmeier, Andreas, author.
Imprint:	Washington : International Monetary Fund, Sept. 2008. ©2008
Description:	1 online resource (23 pages)
Language:	English
Series:	IMF Working Papers; Working Paper No. 08/216 IMF Working Papers; Working Paper No. 08/216.
Subject:	Elasticity (Economics) -- Middle East. Elasticity (Economics) -- Asia, Central. Elasticity (Economics) -- Econometric models. Elasticity (Economics) Elasticity (Economics) -- Econometric models. Central Asia. Middle East.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12503149

Hidden Bibliographic Details
Other authors / contributors:	Hakura, Dalia, author.
ISBN:	9781451870749 1451870744 1451915276 9781451915273 9781451915273
ISSN:	2227-8885
Summary:	Annotation The analysis in this paper suggests that import and export volume elasticities are markedly lower in oil-exporting Middle East and Central Asian countries than in non-oil countries in the region. a key implication of this finding is that a real appreciation of the exchange rate in oil-exporting countries would achieve little in terms of expenditure switching: an appreciation does not boost imports and non-oil exports constitute only a small share of GDP and total trade in these countries. Therefore, while a real appreciation lowers the current account surplus of oil-exporting countries through valuation effects, the contribution to lowering global imbalances may be more limited.
Other form:	Print Version: 9781451915273
Standard no.:	10.5089/9781451915273.001

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