Today versus Tomorrow.

Today versus Tomorrow.

This paper applies the Permanent Income Model to the non-oil current accounts of the major oil exporters to assess the extent to which national consumption decisions in these countries are made on the basis of permanent versus current income. A test of whether the return on oil wealth and oil balanc...

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Bibliographic Details
Main Author: Thomas, Alun H.
Other Authors: Bayoumi, Tamim
Format: eBook
Language:English
Published: Washington : International Monetary Fund, 2009.
Series:IMF Working Papers.
Subjects:
Petroleum industry and trade > Econometric models.
Balance of payments > Econometric models.
Consumption (Economics) > Mathematical models.
Revenue > Econometric models.
Balance of payments > Econometric models
Consumption (Economics) > Mathematical models
Petroleum industry and trade > Econometric models
Revenue > Econometric models
Online Access:Click for online access
Table of Contents:
  • Cover Page; Title Page; Copyright Page; Contents; I. Introduction; II. Theoretical Considerations; III. Data Analysis; IV. Estimation; A. Non-oil Current Account Balance; 1. Regional Non-Oil Current Accounts; 1. Determinants of Non-oil Current Account; B. Non-oil Fiscal Balance; 2. Regional Non-Oil Fiscal Deficits; 2. Determinants of the Non-oil Fiscal Balance; C. Public and Private Sectors; 3. Determinants of Non-oil Current Account; V. Conclusion; References; Footnotes.

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