The OECD Recession and Developing Country Trade: A Global Simulation Analysis
International trade is one of the main channels through which the global financial crisis hits developing countries. The recession in the 'global North' triggered by the financial crisis and the resulting slowdown of growth in other major emerging economies will generate declines in demand...
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| Format: | Journal Article |
| Language: | EN |
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2012
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| Online Access: | http://hdl.handle.net/10986/5329 |
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okr-10986-53292021-04-23T14:02:21Z The OECD Recession and Developing Country Trade: A Global Simulation Analysis Robinson, S. Willenbockel, D. International trade is one of the main channels through which the global financial crisis hits developing countries. The recession in the 'global North' triggered by the financial crisis and the resulting slowdown of growth in other major emerging economies will generate declines in demand for exports from developing countries, along with a reversal of the beneficial terms-of-trade trends that have favoured net exporters of primary commodities over the last few years. How these terms-of-trade effects affect economic performance and welfare in low-income countries depends on country-specific characteristics and require a differentiated analysis. We use a multi-region computable general equilibrium world trade model to gauge the impact of a slowdown in the Organisation for Economic Co-operation and Development (OECD) on the rest of the world, with a particular focus on the least developed countries. The analysis aims to identify the characteristics of regions most vulnerable to adverse global crisis impacts via the trade channel. 2012-03-30T07:32:19Z 2012-03-30T07:32:19Z 2009 Journal Article Ids Bulletin-Institute of Development Studies 0265-5012 http://hdl.handle.net/10986/5329 EN http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank Journal Article |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
EN |
| relation |
http://creativecommons.org/licenses/by-nc-nd/3.0/igo |
| description |
International trade is one of the main channels through which the global financial crisis hits developing countries. The recession in the 'global North' triggered by the financial crisis and the resulting slowdown of growth in other major emerging economies will generate declines in demand for exports from developing countries, along with a reversal of the beneficial terms-of-trade trends that have favoured net exporters of primary commodities over the last few years. How these terms-of-trade effects affect economic performance and welfare in low-income countries depends on country-specific characteristics and require a differentiated analysis. We use a multi-region computable general equilibrium world trade model to gauge the impact of a slowdown in the Organisation for Economic Co-operation and Development (OECD) on the rest of the world, with a particular focus on the least developed countries. The analysis aims to identify the characteristics of regions most vulnerable to adverse global crisis impacts via the trade channel. |
| format |
Journal Article |
| author |
Robinson, S. Willenbockel, D. |
| spellingShingle |
Robinson, S. Willenbockel, D. The OECD Recession and Developing Country Trade: A Global Simulation Analysis |
| author_facet |
Robinson, S. Willenbockel, D. |
| author_sort |
Robinson, S. |
| title |
The OECD Recession and Developing Country Trade: A Global Simulation Analysis |
| title_short |
The OECD Recession and Developing Country Trade: A Global Simulation Analysis |
| title_full |
The OECD Recession and Developing Country Trade: A Global Simulation Analysis |
| title_fullStr |
The OECD Recession and Developing Country Trade: A Global Simulation Analysis |
| title_full_unstemmed |
The OECD Recession and Developing Country Trade: A Global Simulation Analysis |
| title_sort |
oecd recession and developing country trade: a global simulation analysis |
| publishDate |
2012 |
| url |
http://hdl.handle.net/10986/5329 |
| _version_ |
1764394664099577856 |