Medium-term business cycles in developing countries (English)

Empirical evidence - including the current global crisis - suggests that shocks from advanced countries often have a disproportionate effect on developing economies. Can this account for the fact that aggregate fluctuations are larger and more persistent in the latter than in the former economies? And what are the mechanisms at play? This paper addresses these questions using a model of an industrial and a developing economy trading goods and assets...

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Author

Comin,Diego Adolfo;

Loayza,Norman V.;

Pasha, Farooq;

Serven,Luis;
Document Date
2009/12/01
Document Type
Policy Research Working Paper
Report Number
WPS5146
Volume No
1
Total Volume(s)
1
Country
World,
Region
Other,
Disclosure Date
2010/07/01
Disclosure Status
Disclosed
Doc Name
Medium-term business cycles in developing countries
Keywords
price of capital

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Comin,Diego Adolfo; Loayza,Norman V.; Pasha, Farooq; Serven,Luis.

Medium-term business cycles in developing countries (English). Policy Research working paper ; no. WPS 5146 Washington, DC: World Bank. http://documents.worldbank.org/curated/en/527871468331065748

Medium-term business cycles in developing countries (English)

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