How do world commodity prices affect Asian commodity exporting economies? The role of financial frictions

• 北野, 重人

抄録

This note examines how recent volatile fluctuations of world commodity prices due to the COVID-19 shock affect Asian commodity exporting economies. Our analysis shows that a drop in world commodity prices has a significant negative impact on output, consumption, and investment of sample countries. However, the impact on trade balance is positive in some countries and negative in others. The difference between these two groups is attributable to whether world commodity prices affect each country's interest rate spreads.

収録刊行物

• Applied Economics Letters

  Applied Economics Letters 29 (1), 84-90, 2022-01-02

  Taylor & Francis

キーワード

• Commodity prices
• Asian emerging economies
• financial frictions
• SVAR
• COVID-19 shock

詳細情報

• CRID: 1050294045368266112
• NII論文ID: 120007188941
• NII書誌ID: AA11010169
• DOI: 10.1080/13504851.2021.1887446
• ISSN: 14664291
• ISSN: 13504851
• HANDLE: 20.500.14094/90008956
• Web Site: https://www.tandfonline.com/doi/pdf/10.1080/13504851.2021.1887446
• 本文言語コード: en
• 資料種別: journal article
• データソース種別:
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