Compounded Effects of External Crises on GDP Growth

Melecky, Martin

doi:10.1057/palgrave.ces.8100217

Abstract

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Compounded Effects of External Crises on GDP Growth

Martin Melecky

World Bank

December 2007

Comparative Economic Studies, Vol. 49, Issue 4, pp. 642-659, 2007

Abstract:
This paper attempts to quantify possible negative effects of external crises on output in emerging market economies. The external crises considered are the current account reversals and currency crises. The direct effect (on GDP growth) and the indirect effect (through growth determinants) of an external crisis are estimated and compounded into an overall effect. An alternative approach to the analysis of the adjustment dynamics is applied.

Number of Pages in PDF File: 18

Accepted Paper Series

Date posted: September 27, 2010

Suggested Citation

Melecky, Martin, Compounded Effects of External Crises on GDP Growth (December 2007). Comparative Economic Studies, Vol. 49, Issue 4, pp. 642-659, 2007. Available at SSRN: http://ssrn.com/abstract=1682719 or http://dx.doi.org/10.1057/palgrave.ces.8100217

Contact Information

Martin Melecky (Contact Author)

World Bank ( email )

1818 H Street, NW
Washington, DC 20433
United States