Emerging market fluctuations
Subtitle: what makes the difference ?
By: Constantino Hevia.
Contributors: World Bank.
Series: Policy research working paper -- 4897; Policy research working papers (Online) -- 4897.
Publisher: World Bank
Published: 2009
Place of publication: [Washington, D.C
Language: eng
Format: Electronic resource
Subjects: Investments
Description: "Aggregate fluctuations in emerging countries are quantitatively larger and qualitatively different in key respects from those in developed countries.  Using data from Mexico and Canada, this paper decomposes these differences in terms of shocks to aggregate efficiency and shocks that distort the decisions of households about how much to invest, consume, and work in a standard model of a small open economy.  The decomposition exercise suggests that most of these differences are explained by fluctuations in aggregate efficiency, distortions in labor decisions over the business cycle, and, most importantly, fluctuations in country risk.  Other distortions are quantitatively less important. "--World Bank web site.
Notes: Title from PDF file as viewed on 5/7/2009.

Includes bibliographical references.

Also available in print.

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Mode of access: World Wide Web.