Output Volatility and Large Output Drops in Emerging Market and Developing Countries

Output Volatility and Large Output Drops in Emerging Market and Developing Countries
This paper establishes that output volatility and the size of output drops have declined across all countries over the past three decades, but remain considerably higher in developing countries than in industrial countries. The paper employs a Bayesian latent dynamic factor model to decompose output growth into global, regional, and... READ MORE...

Publication date: May 2007
ISBN 9781451866780
$18.00

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