Interesting stylized models that discuss the implications of the oil boom or oil export price increase on an oil-rich economy must involve a tension between effects that tend to boost oil sector and harm non-oil sector and effects that vice versa tend to boost non-oil sector and harm oil sector....

The paper undertakes a comparative empirical analysis on the effects of shocks on domestic prices in four Asian countries before and after the financial crisis of 1997. We apply two different estimation methodologies, namely a structural VAR and a single equation approach. The results of the two...

This study is an experimental study that examines the effects of the oil export price increase in both theoretical and empirical contexts considering the Kazakhstani economy as a particular case, and discusses the effects of different macro closure rules. This study has been motivated by several...