Characterizing Business Cycles in Small Economies (Record no. 31406)
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fixed length control field | 02251cam a22003494a 4500 |
001 - CONTROL NUMBER | |
control field | 8527 |
003 - CONTROL NUMBER IDENTIFIER | |
control field | The World Bank |
005 - DATE AND TIME OF LATEST TRANSACTION | |
control field | 20181114100222.0 |
006 - FIXED-LENGTH DATA ELEMENTS--ADDITIONAL MATERIAL CHARACTERISTICS--GENERAL INFORMATION | |
fixed length control field | m d |
007 - PHYSICAL DESCRIPTION FIXED FIELD--GENERAL INFORMATION | |
fixed length control field | cr cn||||||||| |
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION | |
fixed length control field | 160311s2018 dcu o i00 0 eng |
024 8# - OTHER STANDARD IDENTIFIER | |
Standard number or code | 10.1596/1813-9450-8527 |
035 ## - SYSTEM CONTROL NUMBER | |
System control number | (The World Bank)8527 |
100 1# - MAIN ENTRY--PERSONAL NAME | |
Personal name | Hnatkovska, Viktoria. |
245 10 - TITLE STATEMENT | |
Title | Characterizing Business Cycles in Small Economies |
Medium | [electronic resource] / |
Statement of responsibility, etc | Hnatkovska, Viktoria. |
260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT) | |
Place of publication, distribution, etc | Washington, D.C. : |
Name of publisher, distributor, etc | The World Bank, |
Date of publication, distribution, etc | 2018. |
300 ## - PHYSICAL DESCRIPTION | |
Extent | 1 online resource (77 p.) |
520 3# - SUMMARY, ETC. | |
Summary, etc | 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. |
650 #4 - SUBJECT ADDED ENTRY--TOPICAL TERM | |
Topical term or geographic name as entry element | Business Cycles |
650 #4 - SUBJECT ADDED ENTRY--TOPICAL TERM | |
Topical term or geographic name as entry element | Exchange Rates |
650 #4 - SUBJECT ADDED ENTRY--TOPICAL TERM | |
Topical term or geographic name as entry element | Finance and Financial Sector Development |
650 #4 - SUBJECT ADDED ENTRY--TOPICAL TERM | |
Topical term or geographic name as entry element | Fiscal Rule |
650 #4 - SUBJECT ADDED ENTRY--TOPICAL TERM | |
Topical term or geographic name as entry element | Fiscal Rules |
650 #4 - SUBJECT ADDED ENTRY--TOPICAL TERM | |
Topical term or geographic name as entry element | Macroeconomics and Economic Growth |
650 #4 - SUBJECT ADDED ENTRY--TOPICAL TERM | |
Topical term or geographic name as entry element | Small States |
650 #4 - SUBJECT ADDED ENTRY--TOPICAL TERM | |
Topical term or geographic name as entry element | Volatility |
700 1# - ADDED ENTRY--PERSONAL NAME | |
Personal name | Hnatkovska, Viktoria. |
700 1# - ADDED ENTRY--PERSONAL NAME | |
Personal name | Koehler-Geib, Friederike. |
776 18 - ADDITIONAL PHYSICAL FORM ENTRY | |
Main entry heading | Print Version: |
Display text | Hnatkovska, Viktoria. |
Title | Characterizing Business Cycles in Small Economies |
Place, publisher, and date of publication | Washington, D.C. : The World Bank, 2018. |
830 #0 - SERIES ADDED ENTRY--UNIFORM TITLE | |
Uniform title | Policy research working papers. |
830 #0 - SERIES ADDED ENTRY--UNIFORM TITLE | |
Uniform title | World Bank e-Library. |
856 40 - ELECTRONIC LOCATION AND ACCESS | |
Uniform Resource Identifier | <a href="http://elibrary.worldbank.org/doi/book/10.1596/1813-9450-8527">http://elibrary.worldbank.org/doi/book/10.1596/1813-9450-8527</a> |
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