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Title:Terms of trade shocks and the current account in small island states PDF Logo
Authors:Santos-Paulino, Amelia U.
Issue Date: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
Document Type:Working Paper
Appears in Collections:WIDER Research Papers, United Nations University (UNU)

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