The effects of volatility, fiscal policy cyclicality and financial development on growth : evidence for the Eastern Caribbean (anglais)

This paper presents estimates of the effects that terms of trade volatility has on growth of real gross domestic product per capita. Based on five-year non-overlapping panel data comprising 175 countries during 1980–2010, the paper finds that: (i) in model specifications that do not include country fixed effects, terms of trade volatility has a significant negative average effect on economic growth; (ii) once country fixed effects are included in...

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INFORMATION

Auteur

Brüeckner,Markus;

Carneiro,Francisco Galrao;
Date du document
2015/12/03
Type de document
Document de travail de recherche sur les politiques
Numéro du rapport
WPS7507
Volume
1
Total Volume(s)
1
Pays
Caraïbes,
Région
Amérique latine et Caraïbes,
Date de publication
2015/12/03
Disclosure Status
Disclosed
Titre du rapport
The effects of volatility, fiscal policy cyclicality and financial development on growth : evidence for the Eastern Caribbean
Mots clé
terms of trade volatility

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The effects of volatility, fiscal policy cyclicality and financial development on growth : evidence for the Eastern Caribbean (anglais)

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