Commodity price shocks, growth and structural transformation in low-income countries
This paper uses a panel-VAR approach to estimate both the dynamic and structural macroeconomic response of resource-rich, low-income countries to global commodity price shocks. I use a block recursive ordering, as well as a simple Choleski decomposition, to identify structural commodity price shocks...
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| Aineistotyyppi: | Working paper |
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University of Oxford
2015
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