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

Lessons From Jordan

Oil Prices, External Income, and Growth : Lessons From Jordan
This paper extends the long-run growth model of Esfahani et al. (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 one of the main long-run drivers of real output.... READ MORE...

Publication date: December 2011
ISBN 9781463927257
$18.00

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