Dabla-Norris, Era; Espinoza, Raphael; Jahan, Sarwat - Oxford Centre for the Analysis of Resource-Rich … - 2012
This paper documents the expanding economic linkages between low-income countries (LICs) and a narrow group of “Emerging Market leaders” that have become major players in inter- national trade and financial flows. VAR models show that these linkages have increased the share of growth...