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

Santos-Paulino, Amelia

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@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.},
}