Deepening real and financial integration of developing countries into the world economy has prompted renewed interest in the contribution of external shocks to their macroeconomic fluctuations. This paper revisits the issue using four decades of annual data for a large sample of developing countries. The paper implements a conditionally-homogeneous panel vector autoregression with exogenous variables to model GDP fluctuations in these countries. It...
Voir la suite
INFORMATION
-
2016/06/20
-
Document de travail de recherche sur les politiques
-
WPS7711
-
1
-
1
-
2016/06/20
-
Disclosed
-
Openness, specialization, and the external vulnerability of developing countries
-
commodity price
TÉLÉCHARGER
RAPPORT COMPLET
Version officielle du document (peut inclure des signatures etc…)
-
Total Downloads** : 1582
*La version texte est une version à reconnaissance optique de caractères non-corrigée. Cette version est fournie uniquement pour accommoder les utilisateurs disposant de connections lentes.