An econometric model of the oil importing developing countries

Michael Beenstock*

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

8 Scopus citations

Abstract

An econometric model is estimated for the oil importing developing countries (OIDC as defined by the IMF) for the period 1960-89. The model explains exports, imports, export prices, GDP, investment, inflation, capital flows and the exchange rate. The model is used to simulate the effects of exogenous shocks (eg OECD GDP and interest rates, aid and oil prices) on OIDC. The growth properties of the model are Romerian rather than Solovian.

Original languageEnglish
Pages (from-to)3-14
Number of pages12
JournalEconomic Modelling
Volume12
Issue number1
DOIs
StatePublished - Jan 1995

Keywords

  • Developing countries
  • Econometrics
  • Modelling

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