An econometric model of the oil importing developing countries

Michael Beenstock

doi:10.1016/0264-9993(94)P4151-5

An econometric model of the oil importing developing countries

Michael Beenstock^*

^*Corresponding author for this work

Department of Economics

Research output: Contribution to journal › Article › peer-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 language	English
Pages (from-to)	3-14
Number of pages	12
Journal	Economic Modelling
Volume	12
Issue number	1
DOIs	https://doi.org/10.1016/0264-9993(94)P4151-5
State	Published - Jan 1995

Keywords

Developing countries
Econometrics
Modelling

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10.1016/0264-9993(94)P4151-5

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An econometric model of the oil importing developing countries

Abstract

Keywords

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