The Structural Determinants of External Vulnerability

The authors examine empirically how domestic structural characteristics related to openness and product- and factor-market flexibility influence the impact that terms-of-trade shocks can have on aggregate output. For this purpose, they apply an econometric methodology based on semi-structural vector...

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Bibliographic Details
Main Authors: Loayza, Norman V., Raddatz, Claudio
Language:English
en_US
Published: World Bank, Washington, DC 2012
Subjects:
GDP
Online Access:http://documents.worldbank.org/curated/en/2006/12/7259016/structural-determinants-external-vulnerability
http://hdl.handle.net/10986/9279