Bibtex export
@article{ Santos-Paulino2010, title = {Terms of trade shocks and the current account in small island developing states}, author = {Santos-Paulino, Amelia}, journal = {Journal of Development Studies}, number = {5}, pages = {855-876}, volume = {46}, year = {2010}, doi = {https://doi.org/10.1080/00220381003623830}, urn = {https://nbn-resolving.org/urn:nbn:de:0168-ssoar-251437}, 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.}, }