Boakye, Ernest Owusu; Heimonen, Kari; Junttila, Juha-Pekka - 2021
This paper provides novel evidence on commodity market exposure, i.e., the impacts of commodity price and terms of … American and Caribbean (LAC) region. We estimate 10 the exposure of six macroeconomic variables to the commodity prices and …-term reactions, only about 10% of the macroeconomic variation 15 amongst the EMDCs is due to commodity market-related exposures. Our …