Do countries catch cold when trading partners sneeze? Evidence from spillovers in the Baltics
How do countries respond to shocks from their major trading partners? This paper addresses the question in the context of the observed shifts in trade linkages between the Baltic countries and their major trading partners. Vector autoregression (VAR) models were used to examine the magnitude and sou...
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| Format: | Article |
| Language: | English |
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Institute of Public Finance
2010-06-01
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| Series: | Financial Theory and Practice |
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| Online Access: | http://www.ijf.hr/eng/FTP/2010/2/obiora.pdf |