LEADER 05328oam 22010694 450 001 9910965542303321 005 20250426110949.0 010 $a9786612841675 010 $a9781462351756 010 $a1462351751 010 $a9781452793474 010 $a1452793476 010 $a9781282841673 010 $a128284167X 010 $a9781451870749 010 $a1451870744 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(IMF)WPIEE2008216 035 $a(MiAaPQ)EBC1608029 035 $a(IMF)WPIEA2008216 035 $aWPIEA2008216 035 $a(EXLCZ)993170000000055119 100 $a20020129d2008 uf 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aTrade Elasticities in the Middle East and Central Asia : $eWhat is the Role of Oil? /$fAndreas Billmeier, Dalia Hakura 205 $a1st ed. 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2008. 215 $a1 online resource (35 p.) 225 1 $aIMF Working Papers 225 0$aIMF working paper ;$vWP/08/216 300 $aDescription based upon print version of record. 311 08$a9781451915273 311 08$a1451915276 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 3 $aThe analysis in this paper suggests that import and export volume elasticities are markedly lower in oil-exporting Middle East and Central Asian countries than in non-oil countries in the region. A key implication of this finding is that a real appreciation of the exchange rate in oil-exporting countries would achieve little in terms of expenditure switching: an appreciation does not boost imports and non-oil exports constitute only a small share of GDP and total trade in these countries. Therefore, while a real appreciation lowers the current account surplus of oil-exporting countries through valuation effects, the contribution to lowering global imbalances may be more limited. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2008/216 606 $aElasticity (Economics)$zMiddle East 606 $aElasticity (Economics)$zAsia, Central 606 $aElasticity (Economics)$xEconometric models 606 $aBalance of trade$2imf 606 $aDeflation$2imf 606 $aEmpirical Studies of Trade$2imf 606 $aExport prices$2imf 606 $aExports and Imports$2imf 606 $aExports$2imf 606 $aImport prices$2imf 606 $aImports$2imf 606 $aInflation$2imf 606 $aInternational economics$2imf 606 $aMacroeconomics$2imf 606 $aPrice Level$2imf 606 $aTrade balance$2imf 606 $aTrade: General$2imf 607 $aSaudi Arabia$2imf 615 0$aElasticity (Economics) 615 0$aElasticity (Economics) 615 0$aElasticity (Economics)$xEconometric models. 615 7$aBalance of trade 615 7$aDeflation 615 7$aEmpirical Studies of Trade 615 7$aExport prices 615 7$aExports and Imports 615 7$aExports 615 7$aImport prices 615 7$aImports 615 7$aInflation 615 7$aInternational economics 615 7$aMacroeconomics 615 7$aPrice Level 615 7$aTrade balance 615 7$aTrade: General 676 $a338.516 700 $aBillmeier$b Andreas$01816483 701 $aHakura$b Dalia$01643717 801 0$bDcWaIMF 906 $aBOOK 912 $a9910965542303321 996 $aTrade Elasticities in the Middle East and Central Asia$94372809 997 $aUNINA