Yıl 2017, Cilt 2 , Sayı 2, Sayfalar 99 - 116 2017-06-30

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

Wei-Bin Zhang [1]


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.
price of energy, price of imported goods, growth
  • Backus, D.K. and Crucini, M.J. (2000) Oil Prices and the Terms of Trade. Journal of International Economics 50, 185-213.
Konular İşletme
Bölüm Yayın İlkeleri
Yazarlar

Yazar: Wei-Bin Zhang
Kurum: ABANT İZZET BAYSAL ÜNİVERSİTESİ
Ülke: Japan


Tarihler

Yayımlanma Tarihi : 30 Haziran 2017

APA Zhang, W . (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 . DOI: 10.25229/beta.286304