Current Account Determinants for Oil-Exporting Countries

Hanan Morsy

Emerging Markets Finance and Trade, 2012, vol. 48, issue 3, 122-133

Abstract: The paper characterizes the main determinants of the medium-term current account balance for oil-exporting countries using dynamic panel estimation techniques. It includes a large number of oil-exporting countries and extends the specifications commonly used in the literature to include an oil wealth variable as well as a proxy for the degree of maturity in oil production. The results reveal that factors that matter in determining the equilibrium current account balance of oil-exporting counties are fiscal balance, oil balance, oil wealth, age dependency, economic growth, and degree of oil production-related imports.

Keywords: current account; oil exporters (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (35)

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Related works:
Working Paper: Current Account Determinants for Oil-Exporting Countries (2010)
Working Paper: Current Account Determinants for Oil-Exporting Countries (2009)
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