Exogenous Shocks and Growth Crises in Low-Income Countries: A Vulnerability Index


This paper develops a new index which provides early warning signals of a growth crisis in the event of large external shocks in low-income countries. Multivariate regression analysis and a univariate signaling approach are used to map information from a parsimonious set of underlying policy, structural, and institutional indicators into a... READ MORE...

Publication date: November 2012
ISBN 9781475528510

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Publication date: November 2012