Oil Wealth and Economic Behavior : Case of Venezuela 1966-1981
A short-run macroeconomic model is estimated for Venezuela, in order to examine the hypothesis that the availability of oil resources may entail a confidence effect-on perceived future incomes-that influences the expenditure and portfolio behavior of economic agents. Such confidence effect is found...
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| Format: | Book |
| Language: | English |
| Published: |
Washington, D.C. :
International Monetary Fund,
1988
Washington, D.C. : 1988 |
| Series: | IMF Working Papers; Working Paper ;
No. 1988/056 IMF eLibrary |
| Subjects: |