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Current Account Norms in Natural Resource Rich and Capital Scarce Economies

Current Account Norms in Natural Resource Rich and Capital Scarce Economies »

Source: Current Account Norms in Natural Resource Rich and Capital Scarce Economies

Volume/Issue: 2013/80

Series: IMF Working Papers

Author(s): Juliana Araujo , Bin Li , Marcos Poplawski-Ribeiro , and Luis-Felipe Zanna

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 March 2013

ISBN: 9781484396032

Keywords: External Sustainability, Developing Economies, current account balances, current account balance, current account deficits, current account surpluses, Open Economy Macroeconomics, Cooperative Enterprises,

The permanent income hypothesis implies that frictionless open economies with exhaustible natural resources should save abroad most of their resource windfalls and, therefore, feature current account surpluses. Res...

Current Account Norms in Natural Resource Rich and Capital Scarce Economies

Current Account Norms in Natural Resource Rich and Capital Scarce Economies »

Volume/Issue: 2013/80

Series: IMF Working Papers

Author(s): Juliana Araujo , Bin Li , Marcos Poplawski-Ribeiro , and Luis-Felipe Zanna

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 March 2013

DOI: http://dx.doi.org/10.5089/9781484396032.001

ISBN: 9781484396032

Keywords: External Sustainability, Developing Economies, current account balances, current account balance, current account deficits, current account surpluses, Open Economy Macroeconomics, Cooperative Enterprises,

The permanent income hypothesis implies that frictionless open economies with exhaustible natural resources should save abroad most of their resource windfalls and, therefore, feature current account surpluses. Res...