The value of large, unpredictable terms-of-trade gains to mineral exporting countries has been much debated. This paper uses a computable general equilibrium model of an Indonesia-like economy to assess the 'value' of oil windfalls over a 20-year horizon. The model is simulated and optimized subject to a variety of assumptions on macroeconomic clearing, institutional constraints on economic policy and the ability to predict the world oil market. The...
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ПОДРОБНАЯ ИНФОРМАЦИЯ
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1985/11/01
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Рабочий документ департамента
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DRD135
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1
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1
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2010/07/01
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Disclosed
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Are oil windfalls a blessing or a curse? Policy exercises with an Indonesia - like model
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oil price
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Официальная версия документа (может содержать подписи, и т.д.)