The Effect of External Conditions on Growth in Latin America /

This paper investigates the sensitivity of Latin American GDP growth to external developments using a Bayesian VAR model with informative steady-state priors. The model is estimated on quarterly data from 1994 to 2006 on key external and Latin American variables. It finds that 50 to 60 percent of th...

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Bibliographic Details
Main Author: Zettelmeyer, Jeromin
Other Authors: Osterholm, Par
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2007.
Series:IMF Working Papers; Working Paper ; No. 2007/176
Online Access:Full text available on IMF