Public Lecture Series - Oil Revenues and Macroeconomic Performance: Does Institution Matter?
Saeed Moshiri, Associate Professor of Economics, STM College, University
Wednesday March 5, 2014
Start Time: 12:00 PM - End Time: 1:30 PM
|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 firstname.lastname@example.org at least one week prior to the event.|