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Responses to Trade Shocks in Emerging Economies

Author

Listed:
  • Aleksandar Shivarov

    (University of Economics - Varna)

Abstract

The paper investigates responses of emerging economies to external shocks originating from the international trade system. Emerging economies are characterised by increasing openness to foreign trade, which offer the promise of fast economic growth but also contain the risk of social disturbance in times of crisis. The effects of terms of trade shocks and shifting demand patterns are explored through an empirical model for the Bulgarian economy and compared to existing research on other emerging economies.

Suggested Citation

  • Aleksandar Shivarov, 2016. "Responses to Trade Shocks in Emerging Economies," Izvestia Journal of the Union of Scientists - Varna. Economic Sciences Series, Union of Scientists - Varna, Economic Sciences Section, issue 2, pages 58-65, November.
    • Handle: RePEc:vra:journl:y:2016:i:2:p:58-65
    as

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    File URL: http://www.su-varna.org/izdanij/2016/ikonom-2-016/p%2058-65.pdf
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    References listed on IDEAS

    as
    1. Pelin Berkmen, 2009. "Macroeconomic Responses to Terms-of-Trade Shocks: A Framework for Policy Analysis for the Argentine Economy," IMF Working Papers 2009/117, International Monetary Fund.
    2. Lino Briguglio & Gordon Cordina & Nadia Farrugia & Stephanie Vella, 2009. "Economic Vulnerability and Resilience: Concepts and Measurements," Oxford Development Studies, Taylor & Francis Journals, vol. 37(3), pages 229-247.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    trade shocks; terms of trade; emerging economies; Bulgaria; impulse response function;
    All these keywords.

    JEL classification:

    • A00 - General Economics and Teaching - - General - - - General

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