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Structural Policies for Shock-Prone Developing Countries.

Abstract:

Many developing countries periodically face large adverse shocks to their economies. We study two distinct types of such shocks - large declines in the price of a country’s commodity exports and severe natural disasters - , both of which have occurred frequently in the recent past. Unsurprisingly, adverse shocks reduce the short-term growth of constant-price GDP and we analyze which structural policies help to minimize these losses. Structural policies are incentives and regulations that are ...

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Publisher:
CSAE (University of Oxford)
Series:
Working Paper Series
Publication date:
2009-03-01
Language:
English
UUID:
uuid:ac1a059d-e604-4bc3-a941-499f09e25bb6
Local pid:
oai:economics.ouls.ox.ac.uk:14114
Deposit date:
2011-08-15

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