The Balance of Payments of Oil Importing Countries: An Aggregate Econometric Analysis

Michael Beenstock ()

No 165, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: Using annual data drawn from 1963-1983 we estimate an econometric model of the balance of payments of oil-importing LDCs. The model consists of equations for the quantities of exports and imports, unit value indices for exports and imports, capital flows, reserves and the exchange rate. An important feature of the model is the way in which shortages of foreign exchange affect imports, external borrowing and the exchange rate. A number of simulation exercises are carried out to determine the model's properties.

Keywords: Balance of Payments; Capital Flows; Exchange Rates; Foreign Exchange Shortages; Oil-Importing LDCs (search for similar items in EconPapers)
Date: 1987-03

Downloads: (external link)
http://www.cepr.org/pubs/dps/DP165.asp (application/pdf)
CEPR Discussion Papers are free to download for our researchers, subscribers and members. If you fall into one of these categories but have trouble downloading our papers, please contact us at subscribers@cepr.org

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:cpr:ceprdp:165

Ordering information: This working paper can be ordered from
http://www.cepr.org/pubs/dps/DP165.asp

Access Statistics for this paper

More papers in CEPR Discussion Papers from C.E.P.R. Discussion Papers
Address: Centre for Economic Policy Research, 53--56 Great Sutton Street, London EC1V 0DG
Series data maintained by ().