Oil Wealth and Economic Behavior : Case of Venezuela 1966-1981.
A short-run macroeconomic model is estimated for Venezuela, in order to examine the hypothesis that the availability of oil resources may entail a confidence effect-on perceived future incomes-that influences the expenditure and portfolio behavior of economic agents. Such confidence effect is found...
| Collectivité auteur: | |
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| Format: | Revue |
| Langue: | English |
| Publié: |
Washington, D.C. :
International Monetary Fund,
1988.
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| Collection: | IMF Working Papers; Working Paper ;
No. 1988/056 |
| Accès en ligne: | Full text available on IMF |