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Drilling deeper: understanding trade in Angola
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Orientador(es)
Resumo(s)
The present study analyzes Angola’s trading partners from 2005 to 2015 in order to
understand the main drivers of Exports and Imports growth. Departing from a gravity model,
foreign GDP growth and real exchange rate fluctuations were interpreted as demand and
supply disturbances on Exports. While nominal and real exports both increase with demand
expansions, they react differently to supply shocks. Imports are growing at the same rate as
Angola’s economy while exchange rate fluctuations capture the wealth effect of Oil price in
the economy.
Descrição
Palavras-chave
Gravity model Angola Oil price Exports