Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/63346
Authors: 
Santos-Paulino, Amelia U.
Year of Publication: 
2007
Series/Report no.: 
Research Paper, UNU-WIDER, United Nations University (UNU) 2007/20
Abstract: 
This paper investigates the dynamic relationship between terms of trade shocks and the current account in selected small islands developing states. The findings show that the terms of trade explain a significant proportion of the variation in the current account balances. Also, the current account balances reflect a J-curve type reaction to terms of trade innovations. Real output also reacts negatively to changes in the terms of trade.
Subjects: 
terms of trade shocks
current account balance
panel data
vector autoregression
VAR
JEL: 
C33
E21
F32
ISBN: 
9291909599=978-92-9190-959-9
Document Type: 
Working Paper

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