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dc.contributor.authorBoakye, Ernest Owusu
dc.contributor.authorHeimonen, Kari
dc.contributor.authorJunttila, Juha
dc.date.accessioned2021-10-21T09:53:06Z
dc.date.available2021-10-21T09:53:06Z
dc.date.issued2022
dc.identifier.citationBoakye, E. O., Heimonen, K., & Junttila, J. (2022). Assessing the Commodity Market Price and Terms of Trade Exposures of Macroeconomy in Emerging and Developing Countries. <i>Emerging Markets Finance and Trade</i>, <i>58</i>(8), 2243-2257. <a href="https://doi.org/10.1080/1540496x.2021.1971074" target="_blank">https://doi.org/10.1080/1540496x.2021.1971074</a>
dc.identifier.otherCONVID_101531528
dc.identifier.urihttps://jyx.jyu.fi/handle/123456789/78299
dc.description.abstractThis paper provides novel evidence on commodity market exposure, i.e., the impacts of commodity price and terms of trade fluctuations on macro performance amongst 46 emerging and developing countries (EMDCs) in Africa, Asia and the Latin American and Caribbean (LAC) region. We estimate the exposure of six macroeconomic variables to the commodity prices and terms of trade. Our results indicate that in overall terms, there is a strong and statistically significant long-run relationship between the vector of analyzed world trade prices and macro variables in all EMDCs. However, based on the short-term reactions, only about 10% of the macroeconomic variation amongst the EMDCs is due to commodity market-related exposures. Our results also indicate that the commodity market exposure is not unanimous across countries, amongst regions, or especially between measures of exposure.en
dc.format.mimetypeapplication/pdf
dc.language.isoeng
dc.publisherRoutledge
dc.relation.ispartofseriesEmerging Markets Finance and Trade
dc.rightsCC BY-NC-ND 4.0
dc.subject.otherCommodity prices
dc.subject.otherterms of trade
dc.subject.otherstructural vector autoregression
dc.subject.otheremerging and developing countries
dc.titleAssessing the Commodity Market Price and Terms of Trade Exposures of Macroeconomy in Emerging and Developing Countries
dc.typearticle
dc.identifier.urnURN:NBN:fi:jyu-202110215330
dc.contributor.laitosKauppakorkeakoulufi
dc.contributor.laitosSchool of Business and Economicsen
dc.contributor.oppiaineJyväskylä International Macro & Financefi
dc.contributor.oppiaineResurssiviisausyhteisöfi
dc.contributor.oppiainePäätöksentekoa tukeva taloustiede ja talouden kilpailukyky (painoala)fi
dc.contributor.oppiaineTaloustiedefi
dc.contributor.oppiaineBasic or discovery scholarshipfi
dc.contributor.oppiaineJyväskylä International Macro & Financeen
dc.contributor.oppiaineSchool of Resource Wisdomen
dc.contributor.oppiainePolicy-Relevant Economics and Competitiveness of Economy (focus area)en
dc.contributor.oppiaineEconomicsen
dc.contributor.oppiaineBasic or discovery scholarshipen
dc.type.urihttp://purl.org/eprint/type/JournalArticle
dc.type.coarhttp://purl.org/coar/resource_type/c_2df8fbb1
dc.description.reviewstatuspeerReviewed
dc.format.pagerange2243-2257
dc.relation.issn1540-496X
dc.relation.numberinseries8
dc.relation.volume58
dc.type.versionpublishedVersion
dc.rights.copyright© 2021 The Author(s). Published with license by Taylor & Francis Group, LLC.
dc.rights.accesslevelopenAccessfi
dc.relation.grantnumber
dc.subject.ysokehittyvät markkinat
dc.subject.ysokansainvälinen kauppa
dc.subject.ysohintakehitys
dc.subject.ysohyödykkeet
dc.subject.ysomakrotalous
dc.subject.ysotaloudelliset vaikutukset
dc.subject.ysokansainväliset markkinat
dc.format.contentfulltext
jyx.subject.urihttp://www.yso.fi/onto/yso/p27277
jyx.subject.urihttp://www.yso.fi/onto/yso/p9390
jyx.subject.urihttp://www.yso.fi/onto/yso/p22236
jyx.subject.urihttp://www.yso.fi/onto/yso/p13642
jyx.subject.urihttp://www.yso.fi/onto/yso/p26330
jyx.subject.urihttp://www.yso.fi/onto/yso/p11238
jyx.subject.urihttp://www.yso.fi/onto/yso/p9857
dc.rights.urlhttps://creativecommons.org/licenses/by-nc-nd/4.0/
dc.relation.doi10.1080/1540496x.2021.1971074
dc.relation.funderOP Group Research Foundationen
dc.relation.funderOP Ryhmän Tutkimussäätiö srfi
jyx.fundingprogramFoundationen
jyx.fundingprogramSäätiöfi
jyx.fundinginformationThis project was supported by OP Financial Group Research Foundation, Finland. [Under grant numbers 20200099 and 2021022].
dc.type.okmA1


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