traditional and emerging growth engines (the United States, EU, Japan, China, and India). For this we use a structural vector … autoregression model that yields time-varying growth multiplier effects. Although China has overtaken others as a major export …

aggregate shocks, we use impulse responses derived from a pooled structural vector autoregression model estimated on annual …

varying structural vector autoregression model is estimated, by using a Markov Chain Monte Carlo algorithm for the posterior …