Trade Elasticities in the Middle East and Central Asia : What is the Role of Oil?

What is the Role of Oil?

Trade Elasticities in the Middle East and Central Asia : What is the Role of Oil?
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 of this finding is that a real appreciation of the exchange rate in oil-exporting countries would achieve little in terms of... READ MORE...

Publication date: September 2008
ISBN 9781451870749
$18.00

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