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|z 9781451870749
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|a 1018-5941
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|a Billmeier, Andreas.
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|a Trade Elasticities in the Middle East and Central Asia :
|b What is the Role of Oil? /
|c Andreas Billmeier, Dalia Hakura.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2008.
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|a 1 online resource (33 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a 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.
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|a Mode of access: Internet
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|a Hakura, Dalia.
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|a IMF Working Papers; Working Paper ;
|v No. 2008/216
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2008/216/001.2008.issue-216-en.xml
|z IMF e-Library
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