The Effects on Growth of Commodity Price Uncertainty and Shocks

The author estimates the effects on growth of commodity price shocks, and uncertainty within an established empirical growth model. Ex-post shocks, and ex-ante uncertainty have been treated in the empirical literature as if they were synonymous. Bu...

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Bibliographic Details
Main Author:	Dehn, Jan
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2014
Subjects:	ANNUAL GROWTH ANNUAL OBSERVATIONS BARTER BUSINESS CYCLES COMMODITY PRICES CONSUMERS COUNTRY SPECIFIC DATA SET DATA SETS DEBT DEPENDENT VARIABLE DEVELOPING COUNTRIES DEVELOPMENT RESEARCH DIVERSIFICATION DOMESTIC SAVINGS ECONOMIC GROWTH ECONOMIC POLICIES ECONOMIC POLICY EMPIRICAL ANALYSIS EMPIRICAL EVIDENCE EMPIRICAL GROWTH LITERATURE EMPIRICAL GROWTH MODEL EMPIRICAL LITERATURE EMPIRICAL MODEL EMPIRICAL STUDIES EXCHANGE RATE EXPENDITURES EXPLANATORY VARIABLES EXPORTS EXTERNAL CONDITIONS GDP GROWTH EFFECT GROWTH EQUATION GROWTH EQUATIONS GROWTH LITERATURE GROWTH MODEL GROWTH MODELS GROWTH RATES GROWTH REGRESSION HETEROSKEDASTICITY IMPERFECT COMPETITION INCOME INDIVIDUAL COUNTRIES INFLATION INVESTMENT RATE INVESTMENT VARIABLES LIQUIDITY LIQUIDITY CONSTRAINTS LONG RUN LONG-RUN IMPACT MARGINAL REVENUE MEDIUM TERM NATIONAL INCOME NEGATIVE COEFFICIENT NEGATIVE CORRELATION NEGATIVE EFFECT NEGATIVE GROWTH NEGATIVE IMPACT NEGATIVE LINK NEGATIVE RELATIONSHIP NEGATIVE SHOCK NEGATIVE SHOCKS OIL OIL PRICES OUTPUT GROWTH OUTPUT VOLATILITY PER CAPITA GROWTH PERMANENT INCOME POLICY CHANGES POLICY DECISIONS POLICY MAKERS POLICY RESEARCH POLICY VARIABLES POLITICAL INSTABILITY POPULATION GROWTH POSITIVE COEFFICIENT POSITIVE CORRELATION POSITIVE EFFECTS POSITIVE SHOCKS PRESENT VALUE PRICE CHANGES PRICE INDEX PRICE INDICES PRICE VOLATILITY PRIVATE AGENTS PRODUCERS PUBLIC INVESTMENT REAL EXCHANGE RATE REGRESSION ANALYSIS RETURNS TO SCALE RISK AVERSE SAVINGS SIGNIFICANT NEGATIVE SOCIAL CONFLICTS STANDARD DEVIATION STOCKS SUBSTITUTION TAXATION TERMS OF TRADE TIME SERIES TRADE SHOCKS
Online Access:	http://documents.worldbank.org/curated/en/2000/09/693025/effects-growth-commodity-price-uncertainty-shocks http://hdl.handle.net/10986/19788

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http://documents.worldbank.org/curated/en/2000/09/693025/effects-growth-commodity-price-uncertainty-shocks
http://hdl.handle.net/10986/19788

The Effects on Growth of Commodity Price Uncertainty and Shocks

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