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

Santos-Paulino, Amelia

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%T Terms of trade shocks and the current account in small island developing states
%A Santos-Paulino, Amelia
%J Journal of Development Studies
%N 5
%P 855-876
%V 46
%D 2010
%K terms of trade shocks; current account balance; panel data; VAR; small islands developing states; C33; E21; F32
%= 2011-05-23T12:20:00Z
%~ http://www.peerproject.eu/
%> https://nbn-resolving.org/urn:nbn:de:0168-ssoar-251437
%X 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.
%C GBR
%G en
%9 journal article
%W GESIS - http://www.gesis.org
%~ SSOAR - http://www.ssoar.info