Article ID Journal Published Year Pages File Type
963087 Journal of International Economics 2013 17 Pages PDF
Abstract
► Common trend explains 10% of variability of output in small developed economies. ► Explanatory power increases to 23% when a stationary shock is added. ► Trend explains twice as much volatility of consumption as that of output. ► Country-specific disturbances account for the bulk of the volatility in the data.
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Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Preview
Common and idiosyncratic disturbances in developed small open economies
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