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Shocks and growth: adaptation, precaution and compensation

Abstract:

In this paper we investigate how a wide array of types of shock arising from world prices, natural events, and political violence affect growth. Our results suggest that the impact from political shocks are far greater than from natural shocks. However, our preliminary cointegration results suggest that the cost from primary commodity exporting are very large. Potentially shocks can affect growth either due to their impact, or due to the volatility that repeated shocks generate. In our empiri...

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Publication status:
Not Published
Peer review status:
Not peer reviewed
Version:
Author's Original

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Institution:
University of Oxford
Research group:
Centre for the Study of African Economies
Oxford college:
St Antony's College
Department:
Social Sciences Division - Economics
More by this author
Institution:
University of Oxford
Research group:
Centre for the Study of African Economies
Department:
Social Sciences Division - Economics
More by this author
Institution:
University of Oxford
Research group:
Centre for the Study of African Economies
Department:
Social Sciences Division - Economics
Publication date:
2006
URN:
uuid:47452a51-b823-4327-aa33-587e7a015eef
Local pid:
ora:1679

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