TY  - JOUR
TT  - The Impact of Imported Energy and Goods Prices on Growth  and Trade Balance of a Small Open Economy
AU  - Zhang, Wei-Bin
PY  - 2017
DA  - June
Y2  - 2017
DO  - 10.25229/beta.286304
JF  - Bulletin of Economic Theory and Analysis
JO  - Beta
PB  - Mehmet SONGUR
WT  - DergiPark
SN  - 2548-0707
SP  - 99
EP  - 116
VL  - 2
IS  - 2
KW  - price of energy
KW  - price of imported goods
KW  - growth
N2  - This studybuilds a growth model of a small open economy with imported energy and goods ina perfectly competitive economy. The economy is composed of one industrial sectorand one service sector. The economy is endowed with constant labor and land. Thegrowth mechanism is basically neoclassical in the sense that the maindeterminant of growth is endogenous wealth. This study is mainly concerned withthe effects of changes in capital cost, energy price and price of importedgoods on trade balance, price of services, land rent, and path of economic growth.The comparative dynamic analysis provides some insights into the impact of exogenousshocks on the national economy.
CR  - Backus, D.K. and Crucini, M.J. (2000) Oil Prices and the Terms of Trade. Journal of International Economics 50, 185-213.
UR  - https://doi.org/10.25229/beta.286304
L1  - https://dergipark.org.tr/en/download/article-file/323367
ER  -