LEADER 04113nam 2200661 450 001 9910463636303321 005 20170821160720.0 010 $a1-4623-5175-1 010 $a1-4527-9347-6 010 $a1-282-84167-X 010 $a9786612841675 010 $a1-4518-7074-4 035 $a(CKB)3170000000055119 035 $a(EBL)1608029 035 $a(SSID)ssj0001487328 035 $a(PQKBManifestationID)11903119 035 $a(PQKBTitleCode)TC0001487328 035 $a(PQKBWorkID)11478362 035 $a(PQKB)11278169 035 $a(OCoLC)762336572 035 $a(MiAaPQ)EBC1608029 035 $a(EXLCZ)993170000000055119 100 $a20140225h20082008 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aTrade elasticities in the Middle East and Central Asia $ewhat is the role of oil? /$fDalia S. Hakura and Andreas Billmeier 210 1$a[Washington, District of Columbia] :$cInternational Monetary Fund,$d2008. 210 4$dİ2008 215 $a1 online resource (35 p.) 225 1 $aIMF Working Papers 225 0$aIMF working paper ;$vWP/08/216 300 $aDescription based upon print version of record. 311 $a1-4519-1527-6 327 $aContents; I. Introduction; II. Methodology; III. Empirical Analysis of Middle East and Central Asian Countries Elasticities; A. Model Specification and Empirical Strategy; B. Estimation Results; Tables; 1. Volume of Imports: Coefficient Estimates and Implied Elasticities; 2. Export Volumes: Coefficient Estimates and Implied Elasticities; C. Trade Balances; 3. Non-Oil Export Volumes: Coefficient Estimates and Implied Elasticities; 4. Decomposition of the Impact of a Ten Percent Real Depreciation on the Trade Balance of Middle East and Central Asia Countries 327 $a5. Trade Balance Elasticities for Non-Oil Exporting Middle East and Central Asia Countries, 2006 and 20136. Trade Balance Elasticities for Middle East and Central Asia Oil Exporters, and 2013; IV. A Generalized Approach; A. Generalized CGER Methodology; B. Empirical Estimation of the Elasticities of the Relative Import and Export Prices to the Real Exchange Rate; 7. Relative Import and Export Price Elasticities to the Real Effective Exchange Rate; C. Alternative Trade Balance Elasticities 327 $a8. Decomposition of the Impact of a 10 Percent Real Depreciation on the Trade Balance of Non-Oil Exporting Middle East and Central Asia Countries9. Decomposition of the Impact of a 10 Percent Real Depreciation on the Trade Balance of Oil-Exporting Middle East and Central Asia Countries; V. Conclusions; References; Appendices; 1. Data Appendix; 2. Derivation of the Formula for the Elasticity of the Trade Balance Vis-a?-vis the Real Exchange Rate 330 $aThe analysis in this paper suggests that import and export volume elasticities are markedly lower in oil-exporting Middle East and Central Asian countries than in non-oil countries in the region. A key implication of this finding is that a real appreciation of the exchange rate in oil-exporting countries would achieve little in terms of expenditure switching: an appreciation does not boost imports and non-oil exports constitute only a small share of GDP and total trade in these countries. Therefore, while a real appreciation lowers the current account surplus of oil-exporting countries through 410 0$aIMF Working Papers 606 $aElasticity (Economics)$zMiddle East 606 $aElasticity (Economics)$zAsia, Central 606 $aElasticity (Economics)$xEconometric models 608 $aElectronic books. 615 0$aElasticity (Economics) 615 0$aElasticity (Economics) 615 0$aElasticity (Economics)$xEconometric models. 676 $a338.516 700 $aHakura$b Dalia S$0867938 701 $aBillmeier$b Andreas$0900218 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910463636303321 996 $aTrade elasticities in the Middle East and Central Asia$92285969 997 $aUNINA