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Record Nr. |
UNINA9910827362003321 |
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Autore |
Tazhibayeva Kamilya |
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Titolo |
Fiscal Policy and Economic Cycles in Oil-Exporting Countries / / Kamilya Tazhibayeva, Aasim Husain, Anna Ter-Martirosyan |
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Pubbl/distr/stampa |
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Washington, D.C. : , : International Monetary Fund, , 2008 |
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ISBN |
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1-4623-4670-7 |
1-4527-9851-6 |
9786612842047 |
1-282-84204-8 |
1-4518-7111-2 |
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Edizione |
[1st ed.] |
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Descrizione fisica |
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1 online resource (23 p.) |
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Collana |
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IMF Working Papers |
IMF working paper ; ; WP/08/253 |
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Altri autori (Persone) |
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HusainAasim |
Ter-MartirosyanAnna |
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Disciplina |
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Soggetti |
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Fiscal policy - Econometric models |
Business cycles - Econometric models |
Petroleum industry and trade - Econometric models |
Investments: Energy |
Macroeconomics |
Public Finance |
Energy: Demand and Supply |
Prices |
Fiscal Policy |
National Government Expenditures and Related Policies: General |
Energy: General |
Public finance & taxation |
Investment & securities |
Oil prices |
Fiscal policy |
Fiscal stance |
Expenditure |
Oil |
Expenditures, Public |
Petroleum industry and trade |
Saudi Arabia |
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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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Description based upon print version of record. |
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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. Data and Cyclical Properties; III. Oil Prices, Output Cycles, and Fiscal Policy; IV. Panel VAR Framework; V. Sensitivity Checks and Extensions; VI. Conclusions; References; Appendixes; A. Data Sources and Descriptions; B. Unit Root Tests |
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Sommario/riassunto |
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This paper empirically assesses the impact of oil price shocks on the underlying non-oil economic cycle in oil-exporting countries. Panel VAR analysis and the associated impulse responses indicate that in countries where the oil sector is large in relation to the economy, oil price changes affect the economic cycle only through their impact on fiscal policy. Once fiscal policy changes are removed, oil price shocks do not have a significant independent effect on the economic cycle. |
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