X
feed icon rss

Your email was sent successfully. Check your inbox.

An error occurred while sending the email. Please try again.

Proceed reservation?

Export
  • 1
    Online Resource
    Online Resource
    Business Cycles Accounting for Paraguay / (2015)
    Washington, D.C., : The World Bank,
    Details
    UID:
    almafu_9958246517502883
    Format: 1 online resource (35 pages)
    Series Statement: Policy research working papers.
    Content: This study investigates the role of domestic and external shocks in business cycle fluctuations in Paraguay during 1991-2012. Time-series methods and a structural model-based approach are used to conduct an integrated analysis of business cycles. First, structural vector autoregression is used to assess the role played by external factors and domestic shocks in driving fluctuations in gross domestic product through impulse response functions and variance decompositions. The analysis finds that external shocks such as terms of trade, world interest rate and foreign demand account for over 50 percent of real gross domestic product fluctuations. Given Paraguay's strong dependence on agriculture, an analysis is also done for the agricultural and non-agricultural sectors separately. The analysis finds that non-agricultural gross domestic product is to a large extent driven by external shocks, which account for over 50 percent of its volatility. In contrast, the volatility in agricultural gross domestic product is primarily due to shocks to domestic variables, mainly shocks to agricultural output. A further difference between the sectors is that shocks to government consumption are more important for agricultural gross domestic product, while shocks to the domestic real interest rate play a larger role in the volatility of non-agricultural gross domestic product. Second, the paper investigates the sources of business cycle fluctuations through the lens of a neoclassical growth model with an agricultural and non-agricultural sector. The analysis finds some signs of improvements, as labor market distortions have declined, firms' access to credit improved, and agricultural efficiency rose over time. Nevertheless, challenges remain, as gaps in labor and capital returns between agriculture and non-agriculture remain large, efficiency in the non-agricultural sector shows no signs of improvement, and households' access to finance has deteriorated.
    Language: English
    DOI: 10.1596/1813-9450-7284
    URL: Volltext  (Deutschlandweit zugänglich)
    URL: Volltext  (kostenfrei)
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
    Online Resource
    Fulltext
    FU Berlin
    UB Potsdam
    EUV Frankfurt
    HTW Berlin
    Charité
    MPI Bildungsforschung
  • 2
    Online Resource
    Online Resource
    Characterizing business cycles in small economies (2018)
    Washington, D.C. : World Bank Group, Social Protection and Jobs Global Practice
    Details
    UID:
    gbv_1031662545
    Format: 1 Online-Ressource (circa 77 Seiten) , Illustrationen
    Series Statement: Policy research working paper 8527
    Content: This paper aims to document a set of stylized facts characterizing business cycle dynamics in smaller economies. The paper uses a large sample of countries spanning 1960-2014 to show that country size is a significant factor affecting countries' volatility, comovement with gross domestic product and real interest rate, and persistence. Specifically, analysis finds that smaller countries (i) tend to have more volatile gross domestic product; (ii) have more volatile, less procyclical, and less persistent investment; (iii) exhibit more volatile trade balance and current account, have more procyclical exports, and thus less countercyclical trade balance; (iv) have more volatile government consumption and more procyclical public revenues and fiscal balance; and (v) possess more procyclical inflation. The effects of country size remain robust even after we control for the level of economic and institutional development, the presence of fiscal rule(s) and fixed exchange rates, and the commodity exporting status
    Additional Edition: Erscheint auch als Druck-Ausgabe Hnatkovska, Viktoria Characterizing Business Cycles in Small Economies Washington, D.C : The World Bank, 2018
    Language: English
    Keywords: Graue Literatur
    DOI: 10.1596/1813-9450-8527
    URL: Volltext  (Deutschlandweit zugänglich)
    URL: Deutschlandweit zugänglich
    Author information: Köhler-Geib, Friederike
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
    Online Resource
    Online Access
    Open Access Request
    UB Potsdam
    MPI Bildungsforschung
  • 3
    Online Resource
    Online Resource
    Sources of volatility in small economies (2018)
    Washington, D.C. : World Bank Group, Social Protection and Jobs Global Practice
    Details
    UID:
    gbv_1031662391
    Format: 1 Online-Ressource (circa 34 Seiten) , Illustrationen
    Series Statement: Policy research working paper 8526
    Content: Do sources of volatility differ by country characteristics such as the level of development, country size, quality of institutions, and presence of restrictions on fiscal policy? This paper sets out to answer this question in a quarterly panel of 48 developed and developing countries for 1960-2015. Using individual country and panel vector autoregressions, the paper shows that factors affecting gross domestic product volatility differ systematically by country size, development level, and whether a country has adopted fiscal rule(s). The role of country size is particularly pronounced in developing countries. The paper shows that small developing countries are more prone to domestic output shocks, while shocks to the world interest rate and real exchange rate are more important in large developing countries. Small countries are also more susceptible to terms of trade shocks. These results suggest that stabilization policies must be designed with these country characteristics in mind
    Additional Edition: Erscheint auch als Druck-Ausgabe Hnatkovska, Viktoria Sources of Volatility in Small Economies Washington, D.C : The World Bank, 2018
    Language: English
    Keywords: Graue Literatur
    DOI: 10.1596/1813-9450-8526
    URL: Volltext  (Deutschlandweit zugänglich)
    URL: Deutschlandweit zugänglich
    Author information: Köhler-Geib, Friederike
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
    Online Resource
    Online Access
    Open Access Request
    UB Potsdam
    MPI Bildungsforschung
  • 4
    Online Resource
    Online Resource
    Business Cycles Accounting for Paraguay / (2015)
    Washington, D.C., : The World Bank,
    Details
    UID:
    edocfu_9958246517502883
    Format: 1 online resource (35 pages)
    Series Statement: Policy research working papers.
    Content: This study investigates the role of domestic and external shocks in business cycle fluctuations in Paraguay during 1991-2012. Time-series methods and a structural model-based approach are used to conduct an integrated analysis of business cycles. First, structural vector autoregression is used to assess the role played by external factors and domestic shocks in driving fluctuations in gross domestic product through impulse response functions and variance decompositions. The analysis finds that external shocks such as terms of trade, world interest rate and foreign demand account for over 50 percent of real gross domestic product fluctuations. Given Paraguay's strong dependence on agriculture, an analysis is also done for the agricultural and non-agricultural sectors separately. The analysis finds that non-agricultural gross domestic product is to a large extent driven by external shocks, which account for over 50 percent of its volatility. In contrast, the volatility in agricultural gross domestic product is primarily due to shocks to domestic variables, mainly shocks to agricultural output. A further difference between the sectors is that shocks to government consumption are more important for agricultural gross domestic product, while shocks to the domestic real interest rate play a larger role in the volatility of non-agricultural gross domestic product. Second, the paper investigates the sources of business cycle fluctuations through the lens of a neoclassical growth model with an agricultural and non-agricultural sector. The analysis finds some signs of improvements, as labor market distortions have declined, firms' access to credit improved, and agricultural efficiency rose over time. Nevertheless, challenges remain, as gaps in labor and capital returns between agriculture and non-agriculture remain large, efficiency in the non-agricultural sector shows no signs of improvement, and households' access to finance has deteriorated.
    Language: English
    DOI: 10.1596/1813-9450-7284
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
    Online Resource
    Open Access Request
    FU Berlin
  • 5
    Online Resource
    Online Resource
    Business Cycles Accounting for Paraguay / (2015)
    Washington, D.C., : The World Bank,
    Details
    UID:
    edoccha_9958246517502883
    Format: 1 online resource (35 pages)
    Series Statement: Policy research working papers.
    Content: This study investigates the role of domestic and external shocks in business cycle fluctuations in Paraguay during 1991-2012. Time-series methods and a structural model-based approach are used to conduct an integrated analysis of business cycles. First, structural vector autoregression is used to assess the role played by external factors and domestic shocks in driving fluctuations in gross domestic product through impulse response functions and variance decompositions. The analysis finds that external shocks such as terms of trade, world interest rate and foreign demand account for over 50 percent of real gross domestic product fluctuations. Given Paraguay's strong dependence on agriculture, an analysis is also done for the agricultural and non-agricultural sectors separately. The analysis finds that non-agricultural gross domestic product is to a large extent driven by external shocks, which account for over 50 percent of its volatility. In contrast, the volatility in agricultural gross domestic product is primarily due to shocks to domestic variables, mainly shocks to agricultural output. A further difference between the sectors is that shocks to government consumption are more important for agricultural gross domestic product, while shocks to the domestic real interest rate play a larger role in the volatility of non-agricultural gross domestic product. Second, the paper investigates the sources of business cycle fluctuations through the lens of a neoclassical growth model with an agricultural and non-agricultural sector. The analysis finds some signs of improvements, as labor market distortions have declined, firms' access to credit improved, and agricultural efficiency rose over time. Nevertheless, challenges remain, as gaps in labor and capital returns between agriculture and non-agriculture remain large, efficiency in the non-agricultural sector shows no signs of improvement, and households' access to finance has deteriorated.
    Language: English
    DOI: 10.1596/1813-9450-7284
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
    Online Resource
    Open Access Request
    Charité
Nothing or not found what you are looking for? Please check your search query or use the Interlibrary Loan Search.
Close ⊗
This website uses cookies and the analysis tool Matomo. Further information can be found on the KOBV privacy pages