Are External Shocks Responsible for the Instability of Output in Low Income Countries?

External shocks, such as commodity price fluctuations, natural disasters, and the role of the international economy, are often blamed for the poor economic performance of low-income countries. The author quantifies the impact of these different external shocks using a panel vector autoregression (VA...

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Bibliographic Details
Main Author: Raddatz, Claudio
Language:English
Published: World Bank, Washington, DC 2012
Subjects:
Online Access:http://documents.worldbank.org/curated/en/2005/08/6213769/external-shocks-responsible-instability-output-low-income-countries
http://hdl.handle.net/10986/8612