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This article presents a general equilibrium model capable of assessing the impact of foreign price shocks on the real side of the oil-based developing economies. The theoretical model departs from previous work in this area at least in that (1) the model takes into account endogenous income and...
Persistent link: https://www.econbiz.de/10010616628
This article presents a general equilibrium model capable of assessing the impact of foreign price shocks on the real side of the oil‐based developing economies. The theoretical model departs from previous work in this area at least in that (1) the model takes into account endogenous income...
Persistent link: https://www.econbiz.de/10014863847