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Terms of trade shocks and the current account in small island developing states

[Zeitschriftenartikel]

Santos-Paulino, Amelia

Zitationshinweis

Bitte beziehen Sie sich beim Zitieren dieses Dokumentes immer auf folgenden Persistent Identifier (PID):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.
Klassifikation Volkswirtschaftslehre
Freie Schlagwörter terms of trade shocks; current account balance; panel data; VAR; small islands developing states; C33; E21; F32
Sprache Dokument Englisch
Publikationsjahr 2010
Seitenangabe S. 855-876
Zeitschriftentitel Journal of Development Studies, 46 (2010) 5
DOI http://dx.doi.org/10.1080/00220381003623830
Status Postprint; begutachtet (peer reviewed)
Lizenz PEER Licence Agreement (applicable only to documents from PEER project)
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