Oil Prices, External Income, and Growth : Lessons From Jordan /

This paper extends the long-run growth model of Esfahani and others (2009) to a labor exporting country that receives large inflows of external income?the sum of remittances, FDI and general government transfers?from major oil-exporting economies. The theoretical model predicts real oil prices to be...

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Bibliographic Details
Main Author: Raissi, Mehdi
Other Authors: Mohaddes, Kamiar
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2011.
Series:IMF Working Papers; Working Paper ; No. 2011/291
Online Access:Full text available on IMF