1.

Record Nr.

UNINA9910464061603321

Autore

Morsy Hanan

Titolo

Current account determinants for oil-exporting countries [[electronic resource] /] / prepared by Hanan Morsy

Pubbl/distr/stampa

[Washington, DC], : International Monetary Fund, Middle East and Central Asia Dept., c2009

ISBN

1-4623-9715-8

1-4527-0568-2

9786612842504

1-4518-7175-9

1-282-84250-1

Descrizione fisica

1 online resource (15 p.)

Collana

IMF working paper ; ; WP/09/28

Disciplina

339.378

Soggetti

Balance of payments - Econometric models

Petroleum industry and trade - Econometric models

Electronic books.

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

"February 2009."

Nota di bibliografia

Includes bibliographical references.

Nota di contenuto

Contents; I. Introduction; II. Methodology and Variable Definitions; III. Estimation Results; Text Tables; 1. Current Account Regressions; IV. Sensitivity Analysis; 2. Robustness of Current Account Regressions Using GMM; V. Conclusion; References

Sommario/riassunto

The paper aims at characterizing the main determinants of the medium-term current account balance for oil-exporting countries using dynamic panel estimation techniques. Previous studies included a very limited number of oil-exporting countries in their samples, raising concerns about the applicability of the estimated coefficients for oil countries. Furthermore, current approaches are not specifically tailored to oil-producing countries because they fail to capture the effects of oil wealth and the degree of maturity in oil production. This paper explores the underlying determinants of the cur