Paper
The Impact of the Terms of Trade Volatility on Economic Growth: Evidence from Oil Exporting Countries
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Authors:
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Soraya Sadeghi; Somaye Sadeghi; Ahmad Jafari Samimi
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Abstract
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This paper evaluates the impact of the Terms of Trade volatility (TOTV) on economic growth (GDP) in oil exporting countries using GMM method during 1980-2005. The results indicate that Growth depends positively on the current level of the terms of trade, while volatility in the terms of trade has a negative impact on growth.
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Keywords
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Economic Growth; Primary Commodities; Terms of Trade; Price Volatility; GMM Method
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StartPage
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50
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EndPage
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53
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Doi
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