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Macroeconomic and Sectoral Effects of Terms-of-Trade Shocks

Macroeconomic and Sectoral Effects of Terms-of-Trade Shocks »

Source: Macroeconomic and Sectoral Effects of Terms-of-Trade Shocks : The Experience of the Oil-Exporting Developing Countries

Volume/Issue: 1999/134

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 1999

ISBN: 9781451855586

Keywords: Terms of trade, natural resources, Dutch Disease, natural-resource, trade shocks, terms-of-trade shocks, natural-resource sector

This paper investigates the impact of long-run terms-of-trade shocks. Analytically, we show that, if capital goods are largely importable or the labor supply is sufficiently elastic, then natural-resource booms inc...

Macroeconomic and Sectoral Effects of Terms-of-Trade Shocks
			: The Experience of the Oil-Exporting Developing Countries

Macroeconomic and Sectoral Effects of Terms-of-Trade Shocks : The Experience of the Oil-Exporting Developing Countries »

Volume/Issue: 1999/134

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 1999

DOI: http://dx.doi.org/10.5089/9781451855586.001

ISBN: 9781451855586

Keywords: Terms of trade, natural resources, Dutch Disease, natural-resource, trade shocks, terms-of-trade shocks, natural-resource sector

This paper investigates the impact of long-run terms-of-trade shocks. Analytically, we show that, if capital goods are largely importable or the labor supply is sufficiently elastic, then natural-resource booms inc...