Series: IMF Working Papers
Author(s): Era Dabla-Norris , and Yasemin Bal-Gunduz
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 02 November 2012
Keywords: Vulnerability index, growth crises, low-income countries, real gdp, gdp growth, gdp per capita, trading partners, exchange rate regime, Discrete Regression and Qualitative Choice Models, Economic Growth of Open Economies
This paper develops a new index which provides early warning signals of a growth crisis in the event of large external shocks in low-income countries. Multivariate regression analysis and a univariate signaling app...