The Leading eBooks Store Online 4,272,009 members ⚫ 1,419,367 ebooks

New to

Learn more

Central America's Regional Trends and U.S. Cycles

Central America's Regional Trends and U.S. Cycles by Shaun K. Roache
Buy this eBook
US$ 9.00
(If any tax is payable it will be calculated and shown at checkout.)
The economies of Central America share a close relationship with the United States, with considerable comovement of GDP growth over a long period of time. Trade, the financial sector, and remittance flows are all potential channels through which the U.S. cycle could affect the region. But just how dependent is growth in the region on the U.S.? Using the common cycles method of Vahid and Engle (1993), this paper suggests that the business cycle is dominated by the U.S.; region-specific growth drivers tend to be long-lasting shocks, rather than temporary fluctuations. The most cyclically sensitive countries include Costa Rica, El Salvador, and Honduras.
International Monetary Fund; February 2008
30 pages; ISBN 9781451994360
Read online, or download in secure EPUB or secure PDF format
Title: Central America's Regional Trends and U.S. Cycles
Author: Shaun K. Roache