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Current account and precautionary savings for exporters of exhaustible resources [[electronic resource] /] / prepared by Rudolfs Bems and Irineu de Carvalho Filho
| Current account and precautionary savings for exporters of exhaustible resources [[electronic resource] /] / prepared by Rudolfs Bems and Irineu de Carvalho Filho |
| Autore | Bems Rudolfs |
| Pubbl/distr/stampa | [Washington D.C.], : International Monetary Fund, 2009 |
| Descrizione fisica | 1 online resource (40 p.) |
| Altri autori (Persone) | Carvalho FilhoIrineu E <1971-> (Irineu Evangelista) |
| Collana | IMF working paper |
| Soggetto topico |
Saving and investment - Mathematical models
Nonrenewable natural resources - Econometric models |
| Soggetto genere / forma | Electronic books. |
| ISBN |
1-4623-6082-3
1-4527-7126-X 9786612842559 1-4518-7180-5 1-282-84255-2 |
| Formato | Materiale a stampa  |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Contents; I. Introduction; II. Modeling Framework; A. Small Open Endowment Economy; B. Optimal Solution; Deterministic case, εt = 0; Stochastic case, εt > 0; III. Parameterization and Baseline Model Results; A. Model Parameterization; B. Baseline Model Results; Norway; Other exporters of exhaustible resources; IV. Sensitivity Analysis; A. Preference Parameters; B. Growth in Non-Exhaustible Resource Output; C. Path and Lifespan of Exhaustible Resource Extraction; D. Process for Exhaustible Resource Prices; V. Extension to Time-Series of Optimal outcomes; A. Setup and Parameterization
B. ResultsVI. Conclusions; References; Appendix A: Solution Method (case of n=0); Tables; 1. Country-Specific Model Parameters and Initial Values; 2. Optimal 2006 Current Accounts in the Baseline Model; 3. Summary of Sensitivity Analysis for Current Account Components; 4. Optimal Current Account with Constant Extraction Quantities; Figures; 1. Output Volatility and Oil Balance; 2. Projected Production of Liquids (oil and gas); 3. Optimal Model Solution for Norway, t0=2006; 4. 'Output at Risk': Expected Share of Exhaustible Resource Revenues in GDP 5. Actual and Model-Based 2006 Current Account Balances (in percent of GDP)6. Price of Exhaustible Resources, in 2006 Dollars; 7. Proven Reserves of Oil and Gas for Norway; 8. Time-Series of Optimal Outcomes for Norway, t0={1975, 1976,; 9. Comparison of Norway's CA and NFA in the Model and Data |
| Record Nr. | UNINA-9910464068003321 |
Bems Rudolfs
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| [Washington D.C.], : International Monetary Fund, 2009 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
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Exchange rate assessments [[electronic resource] ] : methodologies for oil exporting countries / / Rudolfs Bems and Irineu de Carvalho Filho
| Exchange rate assessments [[electronic resource] ] : methodologies for oil exporting countries / / Rudolfs Bems and Irineu de Carvalho Filho |
| Autore | Bems Rudolfs |
| Pubbl/distr/stampa | [Washington, D.C.], : International Monetary Fund, Research Department, c2009 |
| Descrizione fisica | 1 online resource (37 p.) |
| Altri autori (Persone) | Carvalho FilhoIrineu E <1971-> (Irineu Evangelista) |
| Collana | IMF working paper |
| Soggetto topico |
Foreign exchange administration - Africa, Sub-Saharan
Foreign exchange - Accounting - Africa, Sub-Saharan Fiscal policy - Africa, Sub-Saharan Petroleum industry and trade - Africa, Sub-Saharan |
| Soggetto genere / forma | Electronic books. |
| ISBN |
1-4623-0127-4
1-4527-7124-3 1-282-84468-7 9786612844683 1-4518-7426-X |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Contents; I. Introduction; Figures; 1. Current Account Behavior for Oil Exporters; 2. Oil Dependency and Volatility, 1970-2006; II. Price Based Methodologies; A. Regression model setup; B. Econometric results; C. Robustness; D. Implementation; Tables; 1. ERER Regression: Long-Run Coefficients (1980-2007); III. Quantity Based Methodologies; 2. Determinants of the Current Account in the Medium-Run: 1969-2007; IV. Balance Sheet-Based Methodologies; A. Theoretical Background; B. Allocation Rules; C. Determinants of Current Account Balances; D. Implementation; Text Tables
3. Time-series Data for the Dynamic ES Exercise4. NFA-Stabilizing CA Balances under Various ES Specification; 3. Evolution of NFA under Various ES Specification; V. Concluding Remarks; References; Appendices; 1. Implementation of Quality-Based Approaches to Real Exchange Rate Assessment; 2. Unit Root and Cointegration Tests; Appendices Tables; 1. A. Unit Root Test on Real Exchange Rate and Fundamentals (1980-2007); B. Panel Unit Root Tests; 2. Panel Cointegration Tests; 3. Sample Composition |
| Record Nr. | UNINA-9910464590303321 |
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Bems Rudolfs
|
||
| [Washington, D.C.], : International Monetary Fund, Research Department, c2009 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||