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Export Spillovers from Global Shocks for the Middle East and Central Asia

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by Alberto Behar & Jaime Espinosa-Bowen
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Export Spillovers from Global Shocks for the Middle East and Central Asia by Alberto Behar & Jaime Espinosa-Bowen

This paper quantifies the effect of realized and potential global growth disappointments on export volumes from the Middle East, North Africa, the Caucasus, and Central Asia. Estimates of export elasticities with respect to trading partner GDP indicate non-oil export volumes are relatively responsive while service exports are less responsive. Downward revisions to global GDP growth for 2011–14 have impeded export performance, and the possibility of disappointing GDP growth in Europe and emerging markets presents further downside risks for exports. The Maghreb countries are particularly sensitive to developments in Europe, while CCA countries are more susceptible to growth in the BRICS.

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Ebook Details
Pages: 31
Size: 2.2 MB
Publisher: INTERNATIONAL MONETARY FUND
Date published:   2014
ISBN: 9781484381038 (DRM-EPUB)

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This product is listed in the following categories:

Nonfiction > Business & Economics
Nonfiction > Business & Economics > Exports & Imports
Nonfiction > Business & Economics > International > Economics

These authors have products in the following categories:

Nonfiction > Business & Economics > Economics > Macroeconomics
Nonfiction > Business & Economics > Economics
Nonfiction > Business & Economics > International > Economics
Nonfiction > Business & Economics > International
Nonfiction > Business & Economics
Nonfiction > Business & Economics > Exports & Imports

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01/21/2017
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