Araştırma Makalesi
BibTex RIS Kaynak Göster

The Impact of Imported Energy and Goods Prices on Growth and Trade Balance of a Small Open Economy

Yıl 2017, , 99 - 116, 30.06.2017
https://doi.org/10.25229/beta.286304

Öz

This study
builds a growth model of a small open economy with imported energy and goods in
a perfectly competitive economy. The economy is composed of one industrial sector
and one service sector. The economy is endowed with constant labor and land. The
growth mechanism is basically neoclassical in the sense that the main
determinant of growth is endogenous wealth. This study is mainly concerned with
the effects of changes in capital cost, energy price and price of imported
goods on trade balance, price of services, land rent, and path of economic growth.
The comparative dynamic analysis provides some insights into the impact of exogenous
shocks on the national economy.


Kaynakça

  • Backus, D.K. and Crucini, M.J. (2000) Oil Prices and the Terms of Trade. Journal of International Economics 50, 185-213.
Yıl 2017, , 99 - 116, 30.06.2017
https://doi.org/10.25229/beta.286304

Öz

Kaynakça

  • Backus, D.K. and Crucini, M.J. (2000) Oil Prices and the Terms of Trade. Journal of International Economics 50, 185-213.
Toplam 1 adet kaynakça vardır.

Ayrıntılar

Konular İşletme
Bölüm Yayın İlkeleri
Yazarlar

Wei-Bin Zhang

Yayımlanma Tarihi 30 Haziran 2017
Gönderilme Tarihi 18 Ocak 2017
Kabul Tarihi 11 Mayıs 2017
Yayımlandığı Sayı Yıl 2017

Kaynak Göster

APA Zhang, W.-B. (2017). The Impact of Imported Energy and Goods Prices on Growth and Trade Balance of a Small Open Economy. Bulletin of Economic Theory and Analysis, 2(2), 99-116. https://doi.org/10.25229/beta.286304