Public Lecture Series - Oil Revenues and Macroeconomic Performance: Does Institution Matter?

Saeed Moshiri, Associate Professor of Economics, STM College, University
of Saskatchewan

Wednesday March 5, 2014

Start Time: 12:00 PM - End Time: 1:30 PM

Category:Public Lecture
Campus:Both campuses
Saskatoon Location: Canada Room, Diefenbaker Building, 101 Diefenbaker Place, University of Saskatchewan Campus
Regina Location:JSGS Window Room, 2nd Floor, Gallery Building, University of Regina, College Avenue Campus
Description:The recent hike in oil prices has revived the question of oil-macroeconomy nexus in both oil-importing and oilexporting countries. For years, oil, as an abundant and inexpensive energy source, has contributed significantly
to the economic growth of industrialized countries. It has also brought a windfall to oil-rich but capital-poor developing countries. However, whether high oil revenues have been beneficial or harmful to the long-run economic performance of oil-exporting countries still remains a question. High oil evenues would generate economic growth through investment in physical and human capital, but also encourage exactly those economic conditions that stifle growth: appreciation of exchange rates, rent-seeking, and poor policy-making. In this presentation, Dr. Moshiri will investigate the impact of oil revenues on economic performance in two groups of oil-exporting countries with different institutional qualities using a dynamic econometric model.
Please Note:Please be advised that the JSGS Window Room is located on the second floor of the Gallery Building. Individuals with mobility difficulties should contact us at 306.585.5869 or at least one week prior to the event.
Contact:Janice Yule


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