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Terms of trade shocks and the current account in small island developing states
[journal article]
Santos-Paulino, Amelia
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Please use the following Persistent Identifier (PID) to cite this document:http://nbn-resolving.de/urn:nbn:de:0168-ssoar-251437
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| Abstract | The paper investigates the dynamic relationship between external and internal shocks and the current account in selected small island developing states. External shocks, defined as terms of trade fluctuations, explain a significant proportion of the variation in the current account balances. The external shocks have a temporary negative impact on the current account balances with a subsequent improvement, generating a J-curve type reaction. In contrast, real output shocks have a positive and significant effect on the current account. |
| Classification | Political Economy |
| Free Keywords | terms of trade shocks; current account balance; panel data; VAR; small islands developing states; C33; E21; F32 |
| Document language | English |
| Publication Year | 2010 |
| Page/Pages | p. 855-876 |
| Journal | Journal of Development Studies, 46 (2010) 5 |
| DOI | http://dx.doi.org/10.1080/00220381003623830 |
| Status | Postprint; reviewed |
| Licence | PEER Licence Agreement (applicable only to documents from PEER project) |
| Document Type | journal article |
