Current Account Norms in Natural Resource Rich and Capital Scarce Economies /
The permanent income hypothesis implies that frictionless open economies with exhaustible natural resources should save abroad most of their resource windfalls and, therefore, feature current account surpluses. Resource-rich developing countries (RRDCs), on the other hand, face substantial developme...
| Auteur principal: | |
|---|---|
| Autres auteurs: | , , |
| Format: | Revue |
| Langue: | English |
| Publié: |
Washington, D.C. :
International Monetary Fund,
2013.
|
| Collection: | IMF Working Papers; Working Paper ;
No. 2013/080 |
| Accès en ligne: | Full text available on IMF |