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Record Nr. |
UNINA9910826451403321 |
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Autore |
Morsy Hanan |
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Titolo |
Current account determinants for oil-exporting countries / / prepared by Hanan Morsy |
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Pubbl/distr/stampa |
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[Washington, DC], : International Monetary Fund, Middle East and Central Asia Dept., c2009 |
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ISBN |
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1-4623-9715-8 |
1-4527-0568-2 |
9786612842504 |
1-4518-7175-9 |
1-282-84250-1 |
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Edizione |
[1st ed.] |
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Descrizione fisica |
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1 online resource (15 p.) |
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Collana |
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IMF working paper ; ; WP/09/28 |
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Disciplina |
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Soggetti |
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Balance of payments - Econometric models |
Petroleum industry and trade - Econometric models |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Nota di bibliografia |
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Includes bibliographical references. |
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Nota di contenuto |
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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 |
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Sommario/riassunto |
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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 current account balance for a large sample of oilexporting countries, and extends the specifications commonly used in the literature to include an oil wealth variable, as well as a proxy for the degree of maturity in oil production. The paper therefore contributes to the existing literature both in terms |
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