IDEAS home Printed from https://ideas.repec.org/a/vra/journl/y2016i2p58-65.html
   My bibliography  Save this article

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

    Download full text from publisher

    File URL: http://www.su-varna.org/izdanij/2016/ikonom-2-016/p%2058-65.pdf
    Download Restriction: no
    ---><---

    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)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Freshwater, David, 2014. "Vulnerability and Resilience: Two Dimensions of Rurality," Staff Papers 174103, University of Kentucky, Department of Agricultural Economics.
    2. A D Adom, 2016. "Resilience of developing countries to shocks: Case study of WAEMU countries with SUR and VAR Approaches," Economic Issues Journal Articles, Economic Issues, vol. 21(2), pages 105-138, September.
    3. International Monetary Fund, 2014. "Peru: Selected Issues Paper," IMF Staff Country Reports 2014/022, International Monetary Fund.
    4. Zouhair Aït Benhamou & Lesly Cassin, 2018. "The effects of migration and remittances on development and capital in Caribbean Small Island Developing States," EconomiX Working Papers 2018-41, University of Paris Nanterre, EconomiX.
    5. Xinyu Zhang & Congying Tian, 2024. "Measurement and Influencing Factors of Regional Economic Resilience in China," Sustainability, MDPI, vol. 16(8), pages 1-21, April.
    6. Edwina E. Pereira & Albert E. Steenge, 2022. "Vulnerability and Resilience in the Caribbean Island States; the Role of Connectivity," Networks and Spatial Economics, Springer, vol. 22(3), pages 515-540, September.
    7. Giulio Cainelli & Roberto Ganau & Marco Modica, 2019. "Does related variety affect regional resilience? New evidence from Italy," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 62(3), pages 657-680, June.
    8. Paolo Rizzi & Paola Graziano & Antonio Dallara, 2018. "A capacity approach to territorial resilience: the case of European regions," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 60(2), pages 285-328, March.
    9. Hoang, Dung Phuong & Chu, Lan Khanh & To, Trung Thanh, 2023. "How do economic policy uncertainty, geopolitical risk, and natural resources rents affect economic complexity? Evidence from advanced and emerging market economies," Resources Policy, Elsevier, vol. 85(PA).
    10. Tauisi Taupo & Ilan Noy, 2017. "At the Very Edge of a Storm: The Impact of a Distant Cyclone on Atoll Islands," Economics of Disasters and Climate Change, Springer, vol. 1(2), pages 143-166, July.
    11. Gheorghe ZAMAN & Valentina VASILE, 2014. "Conceptual framework of economic resilience and vulnerability,at national and regional levels," Romanian Journal of Economics, Institute of National Economy, vol. 39(2(48)), pages 5-18, December.
    12. Inayat Ullah Mangla, 2011. "Reconstructing the Performance of Pakistan’s Political Economy: Another Paradigm," Lahore Journal of Economics, Department of Economics, The Lahore School of Economics, vol. 16(Special E), pages 30-70, September.
    13. Suat Tuysuz & Tüzin Baycan & Fatih Altuğ, 2022. "Economic impact of the COVID-19 outbreak in Turkey: analysis of vulnerability and resilience of regions and diversely affected economic sectors," Asia-Pacific Journal of Regional Science, Springer, vol. 6(3), pages 1133-1158, October.
    14. Unver, Mustafa & Dogru, Bulent, 2015. "The Determinants of Economic Fragility: Case of the Fragile Five Countries," MPRA Paper 68734, University Library of Munich, Germany, revised 2015.
    15. Stefan Kienberger & Thomas Blaschke & Rukhe Zaidi, 2013. "A framework for spatio-temporal scales and concepts from different disciplines: the ‘vulnerability cube’," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 68(3), pages 1343-1369, September.
    16. Naudé, Wim & Amorós, José Ernesto & Cristi, Oscar, 2013. ""Romanticizing Penniless Entrepreneurs?" The Relationship between Start-Ups and Human Wellbeing across Countries," IZA Discussion Papers 7547, Institute of Labor Economics (IZA).
    17. Do, Manh Hung & Nguyen, Trung Thanh, 2024. "Impact of crop commercialization on smallholder farmers’ resilience to shocks: Evidence from panel data for rural Southeast Asia," Food Policy, Elsevier, vol. 128(C).
    18. Songtao He & Shuigen Yang & Amar Razzaq & Sahar Erfanian & Azhar Abbas, 2023. "Mechanism and Impact of Digital Economy on Urban Economic Resilience under the Carbon Emission Scenarios: Evidence from China’s Urban Development," IJERPH, MDPI, vol. 20(5), pages 1-20, March.
    19. Huimin Liu & Yupeng Shi & Xuze Yang & Wentao Zhang, 2023. "The Role of Business Environment and Digital Government in Mitigating Supply Chain Vulnerability—Evidence from the COVID-19 Shock," Sustainability, MDPI, vol. 15(3), pages 1-15, January.
    20. Rao, Amar & Srivastava, Mrinalini & Parihar, Jaya Singh & Chavriya, Shubham & Hosen, Mosharrof, 2024. "Minerals at the crossroads: Economic policies, global trade, and renewable energy in the global South," Resources Policy, Elsevier, vol. 97(C).

    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

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:vra:journl:y:2016:i:2:p:58-65. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Pavel Petrov (email available below). General contact details of provider: https://edirc.repec.org/data/uevecea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.