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4 edition of Are external shocks responsible for the instability of output in low income countries? found in the catalog.

Are external shocks responsible for the instability of output in low income countries?

Claudio E. Raddatz

Are external shocks responsible for the instability of output in low income countries?

by Claudio E. Raddatz

  • 193 Want to read
  • 34 Currently reading

Published by World Bank in [Washington, D.C .
Written in English

    Places:
  • Developing countries.
    • Subjects:
    • Business cycles -- Developing countries.,
    • Industrial productivity -- Developing countries.

    • Edition Notes

      StatementClaudio Raddatz.
      SeriesPolicy research working paper ;, 3680, Policy research working papers (Online) ;, 3680.
      ContributionsWorld Bank.
      Classifications
      LC ClassificationsHG3881.5.W57
      The Physical Object
      FormatElectronic resource
      ID Numbers
      Open LibraryOL3478681M
      LC Control Number2005618823

      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 :// Natural disasters have a statistically observable adverse impact on the macro-economy in the short-run and costlier events lead to more pronounced slowdowns in production. Yet, interestingly, developing countries, and smaller economies, face much larger output declines following a disaster of similar relative magnitude than do developed countries or bigger ://

        case of middle-income countries but it is vice versa in case of poor and rich countries. In case of developing countries, capital absorption capacity is low so financial development exerts negative impact on economic growth. Subramanian and Satyanath () investigate the determinants of macroeconomic ://   7. Claudio Raddatz, Are External Shocks Responsible for the Instability of Output in Low-Income Countries?, 84 J. DEV. ECON. (). 8. Id. 9. Paul Collier & Benedikt Goderis, Prospects for Commodity Exporters: Hunky Dory or Humpty Dumpty?, ?article=&context=yhrdlj.

        Stability in Canada's Output, and Why It Matters. All economies display fluctuations in the growth rate of aggregate output. These fluctuations are often referred to as business cycles, even though they rarely exhibit the smoothness and regularity suggested by the term.. We have discussed why the Bank of Canada focuses on maintaining low and stable ://   If output doesn’t fully recover from a contraction, as in the Swedish example, the proclivity to shocks may be responsible for the absolute divergence of incomes across countries. That is, if poor countries are hit by more shocks than rich countries, the output losses could accumulate over long periods, causing incomes to diverge. Poverty traps~/media/Websites/IMF/imported-full-text-pdf/external/pubs/ft/wp/.


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Are external shocks responsible for the instability of output in low income countries? by Claudio E. Raddatz Download PDF EPUB FB2

Downloadable (with restrictions). 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 (VAR) approach and compares their relative contributions to ARE EXTERNAL SHOCKS RESPONSIBLE FOR THE INSTABILITY OF OUTPUT IN LOW-INCOME COUNTRIES.

Claudio Raddatz1 Abstract 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 ://?abstractid. 1. Introduction. Economic performance in low-income countries is highly unstable.

During tothe standard deviation of output growth and the frequency of drops in real GDP larger than 3% were respectively two and five times larger in low-income countries than in high-income ://   He finds that external shocks can only explain a small fraction of the output variance of a typical low-income country.

Internal factors are the main source of fluctuations. From a quantitative perspective, the output effect of external shocks is typically small in absolute terms, but significant relative to the historic performance of these Are external shocks responsible for the instability of output in low income countries.

(English) Abstract. 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 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.

This paper quantifies the impact of these different external shocks using a panel vector auto-regression approach and determines their contributions to Get this from a library. Are external shocks responsible for the instability of output in low-income countries?. [Claudio E Raddatz] -- "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 Are external shocks responsible for the instability of output in low income countries. (Inglês) Resumo. 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 Are external shocks responsible for the instability of output in low income countries.

By Claudio Raddatz. Get PDF ( KB) Abstract. 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 {{Citation | title=Are external shocks responsible for the instability of output in low-income countries / Claudio Raddatz | author1=Raddatz, Claudio E | author2=World Bank.

Development Research :// CiteSeerX - Document Details (Isaac Councill, Lee Giles, Pradeep Teregowda): 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.

This paper quantifies the impact of these different external shocks using a panel vector auto-regression approach and compares ?doi= Are external shocks responsible for the instability of output in low income countries.

(Английский) Аннотация External shocks, such as commodity price fluctuations, natural disasters, and the role of the international economy, are often blamed for the poor Get this from a library. Are external shocks responsible for the instability of output in low income countries?.

[Claudio E Raddatz; World Bank.] "The Structural Determinants of External Vulnerability," World Bank Economic Review, World Bank Group, vol. 21(3), pagesOctober. Raddatz, Claudio, " 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. This paper quantifies the impact of these different external shocks using a panel vector auto-regression approach and compares their relative instability of output in low-inco me countries?, Journal of Development Economics, 84 () [16] J.B.

T aylor, Reassessing discretionary fiscal policy, The More generally, Raddatz () finds that in low-income countries domestically induced shocks—related to social conflict, economic mismanagement, and political instability—account for the bulk of fluctuations in GDP per capita.

For this group of countries, external shocks linked to terms of trade, foreign aid, international finance, and Commodity price shocks are an important type of external shock and are often cited as a problem for economic growth in Sub‐Saharan Africa.

We choose nine Sub‐Saharan African countries that are heavily dependent on a single agricultural commodity for a significant portion of their :// ECOWAS sub-region typifies evidence of primary export as the main source of foreign exchange to member countries, thereby making them susceptible to commodity price shocks.

This paper examines the effect of commodity price shocks on ECOWAS member countries using a panel data of 13 member countries for the period – Are external shocks responsible for the instability of output in low income countries. C Raddatz. Journal of Development Economics 84 (1),Liquidity needs and vulnerability to financial underdevelopment.

C Raddatz. Journal of Financial Econom?user=dadOjvgAAAAJ&hl=en. Production efficiency is a key determinant of economic growth and demonstrates how a country uses its resources by relating the quantity of its inputs to its outputs.

When a natural hazard-induced disaster strikes, it has a devastating impact on capital and labor, but at the same time provides an opportunity to upgrade capital and increase labor demand and training opportunities, thereby Low-income countries routinely experience exogenous disturbances-sharp swings in the terms of trade, export demand, natural disasters, and volatile financial flows-that contribute to higher volatility in aggregate output and consumption compared with other countries.

Assessing Reserve Adequacy in Low-Income Countries presents the findings of an analysis of a range of external shocks faced by   We find that unearned income and excess infant mortality in the year after typhoon exposure outnumber immediate damages and death tolls roughly to Typhoons destroy durable assets and depress incomes, leading to broad expenditure reductions achieved in part through disinvestments in health and human ://?abstract_id=