Global and Regional Spillovers to Pacific Island Countries is popular PDF and ePub book, written by Niamh Sheridan in 2012-06-01, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Global and Regional Spillovers to Pacific Island Countries can be Read Online from any device for your convenience.
Global and Regional Spillovers to Pacific Island Countries Book PDF Summary
Regional integration of Pacific Island countries (PICs) with Australia, New Zealand, and emerging Asia has increased over the last two decades. PICs have become more exposed to the region’s business cycles, and spillovers from regional economies are more important for PICs than from advanced economies outside the region. While strong linkages with Asia would help in the event of a global downturn, PICs remain particularly vulnerable to global commodity price shocks. In this paper, we use a Vector Error Correction Model (VECM) for each PIC to gauge the impact of global and regional growth spillovers. The analysis reveals that the impact on PICs’ growth from an adverse oil shock would be substantial, and in some cases even larger than from a negative global demand shock. We also assess the spillovers to the financial sector from the deterioration of the global outlook. PICs should continue to rebuild policy buffers and implement growth-oriented structural reforms to ensure sustained and inclusive growth.
Detail Book of Global and Regional Spillovers to Pacific Island Countries PDF
- Author : Niamh Sheridan
- Release : 01 June 2012
- Publisher : International Monetary Fund
- ISBN : 9781475504491
- Genre : Business & Economics
- Total Page : 41 pages
- Language : English
- PDF File Size : 11,5 Mb
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