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The Structural Determinants of External Vulnerability

The Structural Determinants of External Vulnerability Norman V. Loayza and Claudio Raddatz This article examines empirically how domestic structural characteristics related to openness and product- and factor-market flexibility influence the impact of terms of trade shocks on aggregate output. Apply...

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Bibliographic Details
Main Authors: Loayza, Norman V., Raddatz, Claudio
Published: World Bank 2012
Subjects:
business cycle
external shocks
growth volatility
labor markets
macroeconomic stability
Macroeconomic volatility
openness
terms of trade
terms of trade shocks
trade openness
Online Access:http://hdl.handle.net/10986/4462

Internet

http://hdl.handle.net/10986/4462

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