Spillovers to Central America in Light of the Crisis : What a Difference a Year Makes

What a Difference a Year Makes

Spillovers to Central America in Light of the Crisis : What a Difference a Year Makes
This paper investigates Central America's external linkages over the last fifteen years of increased integration in light of the 2008-09 global recession. Using structural VAR models, it is found that a one percent shock to U.S. growth shifts economic activity in Central America by 0.7 to 1 percent, on average. Spillovers from global shocks and the READ MORE...

Publication date: February 2010
ISBN 9781451962765
$18.00

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