Now showing items 1-12 of 12

    • Commodity Price Volatility and the Sources of Growth 

      Cavalcanti, Tiago V. de V.; Mohaddes, Kamiar; Raissi, Mehdi (Faculty of Economics, 2011-01-26)
      This paper studies the impact of the level and volatility of commodity terms of trade on economic growth, as well as on the three main growth channels: total factor productivity, physical capital accumulation, and human ...
    • Commodity Price Volatility and the Sources of Growth 

      de V. Cavalcanti, Tiago V.; Mohaddes, Kamiar; Raissi, Mehdi (Wiley, 2014-09-09)
      This paper studies the impact of the growth and volatility of commodity terms of trade (CToT) on economic growth, total factor productivity, physical capital accumulation and human capital acquisition. We use the standard ...
    • The Differential Effects of Oil Demand and Supply Shocks on the Global Economy 

      Cashin, Paul; Mohaddes, Kamiar; Raissi, Maziar; Raissi, Mehdi (Faculty of Economics, University of Cambridge, UK, 2012-11-01)
      We employ a set of sign restrictions on the generalized impulse responses of a Global VAR model, estimated for 38 countries/regions over the period 1979Q2.2011Q2, to discriminate between supply-driven and demand-driven ...
    • The differential effects of oil demand and supply shocks on the global economy 

      Cashin, Paul; Mohaddes, Kamiar; Raissi, Maziar; Raissi, Mehdi (Elsevier, 2014-04-05)
      We employ a set of sign restrictions on the impulse responses of a Global VAR model, estimated for 38 countries/regions over the period 1979Q2–2011Q2, as well as bounds on impact price elasticities of oil supply and oil ...
    • Econometric Modelling of World Oil Supplies: Terminal Price and the Time to Depletion 

      Mohaddes, Kamiar (Faculty of Economics, University of Cambridge, UK, 2012-03-02)
      This paper develops a novel approach by which to identify the price of oil at the time of depletion; the so-called terminal price of oil. It is shown that while the terminal price is independent of both GDP growth and the ...
    • An Empirical Growth Model for Major Oil Exporters 

      Esfahani, Hadi Salehi; Mohaddes, Kamiar; Pesaran, M. Hashem (Faculty of Economics, University of Cambridge, UK, 2012-03-21)
      (DISCLAIMER: Not all mathematical symbols in the abstract will display properly - please see the abstract in the pdf). This paper develops a long-run growth model for a major oil exporting economy and derives conditions ...
    • The Global Impact of the Systemic Economies and MENA Business Cycles 

      Cashin, Paul; Mohaddes, Kamiar; Raissi, Mehdi (Faculty of Economics, University of Cambridge, UK, 2012-11-01)
      This paper analyses spillovers from macroeconomic shocks in systemic economies (China, the Euro Area, and the United States) to the Middle East and North Africa (MENA) region as well as outward spillovers from a GDP shock ...
    • Institutions and the Volatility Curse 

      Leong, Weishu; Mohaddes, Kamiar (Faculty of Economics, 2011-07-10)
      This paper revisits the resource curse paradox and studies the impact of resource rents and their volatility on economic growth under varying institutional quality. Using five-year non-overlapping observations between 1970 ...
    • Is There a Debt-threshold Effect on Output Growth? 

      Chudik, Alexander; Mohaddes, Kamiar; Pesaran, M. Hashem; Raissi, Mehdi (MIT Press, 2016)
      This paper studies the long-run impact of public debt expansion on economic growth and investigates whether the debt-growth relation varies with the level of indebtedness. Our contribution is both theoretical and empirical. ...
    • Long-Run Effects in Large Heterogeneous Panel Data Models with Cross-Sectionally Correlated Errors 

      Chudik, Alexander; Mohaddes, Kamiar; Pesaran, M. Hashem; Raissi, Mehdi (Emerald Group Publishing Ltd., 2016)
      This paper develops a cross-sectionally augmented distributed lag (CS-DL) approach to the estimation of long-run effects in large dynamic heterogeneous panel data models with cross-sectionally dependent errors. The asymptotic ...
    • Oil Prices, External Income, and Growth: Lessons from Jordan 

      Mohaddes, Kamiar; Raissi, Mehdi (Faculty of Economics, 2011-12-08)
      This paper extends the long-run growth model of Esfahani et al. (2009) to a labour exporting country that receives large inflows of external income - the sum of remittances, FDI and general government transfers - from major ...
    • One Hundred Years of Oil Income and the Iranian Economy: A Curse or a Blessing 

      Mohaddes, Kamiar; Pesaran, M. Hashem (Faculty of Economics, University of Cambridge, 2012-01-17)
      This paper examines the impact of oil revenues on the Iranian economy over the past hundred years, spanning the period 1908-2010. It is shown that although oil has been produced in Iran over a very long period, its importance ...