Details

Subject(s)

• Elasticity (Economics)—Middle East [Browse]
• Elasticity (Economics)—Asia, Central [Browse]
• Elasticity (Economics)—Econometric models [Browse]

Related name

Hakura, Dalia [Browse]

Series

• IMF working paper ; WP/08/216 [More in this series]
• IMF Working Papers; Working Paper ; No. 2008/216 [More in this series]
• IMF Working Papers

Summary note

The 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.

Notes

Description based upon print version of record.

Source of description

Description based on online resource; title from PDF front page (ebrary, viewed February 25, 2014).

Language note

English

Contents

• Contents; 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
• 5. 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
• 8. 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-à-vis the Real Exchange Rate

ISBN

• 9786612841675
• 9781462351756
• 1462351751
• 9781452793474
• 1452793476
• 9781282841673
• 128284167X
• 9781451870749
• 1451870744

OCLC

762336572

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