Central America's Regional Trends and U.S. Cycles:
The economies of Central America share a close relationship with the United States, with considerable comovement of GDP growth over a long period of time. Trade, the financial sector, and remittance flows are all potential channels through which the U.S. cycle could affect the region. But just how d...
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1. Verfasser: | |
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
2008
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Schriftenreihe: | IMF Working Papers
Working Paper No. 08/50 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | The economies of Central America share a close relationship with the United States, with considerable comovement of GDP growth over a long period of time. Trade, the financial sector, and remittance flows are all potential channels through which the U.S. cycle could affect the region. But just how dependent is growth in the region on the U.S.? Using the common cycles method of Vahid and Engle (1993), this paper suggests that the business cycle is dominated by the U.S.; region-specific growth drivers tend to be long-lasting shocks, rather than temporary fluctuations. The most cyclically sensitive countries include Costa Rica, El Salvador, and Honduras |
Beschreibung: | 1 Online-Ressource (30 p) |
ISBN: | 1451869126 9781451869125 |
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spelling | Roache, Shaun K. Verfasser aut Central America's Regional Trends and U.S. Cycles Roache, Shaun K Washington, D.C International Monetary Fund 2008 1 Online-Ressource (30 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 08/50 The economies of Central America share a close relationship with the United States, with considerable comovement of GDP growth over a long period of time. Trade, the financial sector, and remittance flows are all potential channels through which the U.S. cycle could affect the region. But just how dependent is growth in the region on the U.S.? Using the common cycles method of Vahid and Engle (1993), this paper suggests that the business cycle is dominated by the U.S.; region-specific growth drivers tend to be long-lasting shocks, rather than temporary fluctuations. The most cyclically sensitive countries include Costa Rica, El Salvador, and Honduras Online-Ausg http://elibrary.imf.org/view/IMF001/09061-9781451869125/09061-9781451869125/09061-9781451869125.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Roache, Shaun K. Central America's Regional Trends and U.S. Cycles |
title | Central America's Regional Trends and U.S. Cycles |
title_auth | Central America's Regional Trends and U.S. Cycles |
title_exact_search | Central America's Regional Trends and U.S. Cycles |
title_exact_search_txtP | Central America's Regional Trends and U.S. Cycles |
title_full | Central America's Regional Trends and U.S. Cycles Roache, Shaun K |
title_fullStr | Central America's Regional Trends and U.S. Cycles Roache, Shaun K |
title_full_unstemmed | Central America's Regional Trends and U.S. Cycles Roache, Shaun K |
title_short | Central America's Regional Trends and U.S. Cycles |
title_sort | central america s regional trends and u s cycles |
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