| 000 | 02251cam a22003494a 4500 | ||
|---|---|---|---|
| 001 | 8527 | ||
| 003 | The World Bank | ||
| 005 | 20181114100222.0 | ||
| 006 | m d | ||
| 007 | cr cn||||||||| | ||
| 008 | 160311s2018 dcu o i00 0 eng | ||
| 024 | 8 | _a10.1596/1813-9450-8527 | |
| 035 | _a(The World Bank)8527 | ||
| 100 | 1 | _aHnatkovska, Viktoria. | |
| 245 | 1 | 0 |
_aCharacterizing Business Cycles in Small Economies _h[electronic resource] / _cHnatkovska, Viktoria. |
| 260 |
_aWashington, D.C. : _bThe World Bank, _c2018. |
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| 300 | _a1 online resource (77 p.) | ||
| 520 | 3 | _aThis 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 | _aBusiness Cycles | |
| 650 | 4 | _aExchange Rates | |
| 650 | 4 | _aFinance and Financial Sector Development | |
| 650 | 4 | _aFiscal Rule | |
| 650 | 4 | _aFiscal Rules | |
| 650 | 4 | _aMacroeconomics and Economic Growth | |
| 650 | 4 | _aSmall States | |
| 650 | 4 | _aVolatility | |
| 700 | 1 | _aHnatkovska, Viktoria. | |
| 700 | 1 | _aKoehler-Geib, Friederike. | |
| 776 | 1 | 8 |
_aPrint Version: _iHnatkovska, Viktoria. _tCharacterizing Business Cycles in Small Economies _dWashington, D.C. : The World Bank, 2018. |
| 830 | 0 | _aPolicy research working papers. | |
| 830 | 0 | _aWorld Bank e-Library. | |
| 856 | 4 | 0 | _uhttp://elibrary.worldbank.org/doi/book/10.1596/1813-9450-8527 |
| 999 |
_c31406 _d31406 |
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