Trade Elasticities in the Middle East and Central Asia : What is the Role of Oil? »
Journal Issue
Volume/Issue: 2008/216
Series: IMF Working Papers
Author(s): Andreas Billmeier , and Dalia Hakura
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 September 2008
DOI: http://dx.doi.org/10.5089/9781451870749.001
ISBN: 9781451870749
Keywords: trade elasticities, current account adjustment, export prices, exporting countries, export volume, oil exports, oil exporters,
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...