LEADER 03114nam 2200649 450 001 9910463595303321 005 20170821160713.0 010 $a1-4623-9817-0 010 $a1-4527-3798-3 010 $a1-4518-7056-6 010 $a9786612841491 010 $a1-282-84149-1 035 $a(CKB)3170000000055100 035 $a(EBL)1608006 035 $a(SSID)ssj0000944023 035 $a(PQKBManifestationID)11528593 035 $a(PQKBTitleCode)TC0000944023 035 $a(PQKBWorkID)10982811 035 $a(PQKB)11787939 035 $a(OCoLC)763082956 035 $a(MiAaPQ)EBC1608006 035 $a(EXLCZ)993170000000055100 100 $a20140226h20082008 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aEquilibrium non-oil current account assessments for oil producing countries /$fAlun Thomas, Jun Il Kim, and Aqib Aslam 210 1$a[Washington, District of Columbia] :$cInternational Monetary Fund,$d2008. 210 4$dİ2008 215 $a1 online resource (26 p.) 225 1 $aIMF Working Papers 225 0$aIMF working paper ;$vWP/08/198 300 $aDescription based upon print version of record. 311 $a1-4519-1509-8 327 $aContents; I. Introduction; II. Basic Structure of Alternative Methodology; Existing analysis; III. Model; A. General Model; B. Model Application to Oil Based Economy; IV. Estimation; V. Sensitivity Tests of the Annual Return on Oil Wealth; VI. Equilibrium Non-oil Current Account Assessment; A. Historical Accuracy of the Consumption Smoothing Model; B. Country Estimates of Non-oil Current Account; VII. Conclusions; References 330 $aThis paper introduces a methodology for assessing external balance in countries with large stocks of non-renewable resources based on oil stock data, and applies it to selected oil producing countries. The methodology uses a stock approach (instead of the more traditional flow approach) to estimate the equilibrium non-oil current account consistent with optimal consumption smoothing. One of the benefits of the stock approach is that geological data for oil reserves can be used to estimate oil wealth; however, the methodology makes the estimated non-oil current account norm very sensitive to oi 410 0$aIMF Working Papers 606 $aEquilibrium (Economics)$xEconometric models 606 $aBalance of payments$xEconometric models 606 $aPetroleum industry and trade$xEconometric models 608 $aElectronic books. 615 0$aEquilibrium (Economics)$xEconometric models. 615 0$aBalance of payments$xEconometric models. 615 0$aPetroleum industry and trade$xEconometric models. 676 $a339.5 700 $aThomas$b Alun$0869953 701 $aKim$b Jun$g(Jun Il)$0869954 701 $aAslam$b Aqib$0869955 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910463595303321 996 $aEquilibrium non-oil current account assessments for oil producing countries$91942253 997 $aUNINA