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Do trading partners still matter for Nigeria's growth? : a contribution to the debate on decoupling and spillovers /
Should policymakers still be concerned about economic growth in trading partners? Have developing and emerging market countries decoupled from the US enough to grow despite significant recession in the US? Using VAR models, this paper addresses these questions for Nigeria in the context of the globa...
| Clasificación: | Libro Electrónico |
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| Autor principal: | |
| Autor Corporativo: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
[Washington, D.C.] :
International Monetary Fund,
2009.
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| Colección: | IMF working paper ;
WP/09/218. |
| Temas: | |
| Acceso en línea: | Texto completo |
| Sumario: | Should policymakers still be concerned about economic growth in trading partners? Have developing and emerging market countries decoupled from the US enough to grow despite significant recession in the US? Using VAR models, this paper addresses these questions for Nigeria in the context of the global crisis. The results seem to debunk the "decoupling theory" and suggest there are still significant spillovers from Nigeria's main trading partners, including the US, with trade and commodity price linkages being the dominant transmission channels. Given the sharp fall in both trade financing and commodity prices in aftermath of the crisis, these results provide some explanation to the realization of adverse second-round effects in Nigeria |
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| Descripción Física: | 1 online resource (29 pages) : illustrations |
| Bibliografía: | Includes bibliographical references (pages 27-28). |
| ISBN: | 1282844229 9781282844223 9781452798493 1452798494 1451917856 9781451917857 1462398146 9781462398140 9786612844225 6612844221 1451873654 9781451873658 |
| ISSN: | 2227-8885 ; |