RT Journal Article
T1 Impact of commodity terms-of-trade shocks at disaggregate level
A1 Jiménez Rodríguez, Rebeca
A1 Morales-Zumaquero, María Amalia
K1 Desarrollo económico
K1 Pecios
K1 Tipos de cambio
AB This paper provides new evidence on the impact of country-specific commodity terms-of-trade shocks on economic growth for developing and emerging countries, not only at aggregate level but also at disaggregate level (agricultural raw materials, food and beverages, energy, and metals). Results suggest: (i) at the country group level, we find evidence supporting the so-called “terms-of-trade disconnect puzzle”; (ii) at the specific country level, the evidence is mixed (i.e. “blessing effect”, “curse effect” or “negligible effect”); (iii) at the commodity category level, it seems that output is mainly affected by shocks to the terms-of-trade for metals, followed to a lesser extent by those for energy; and (iv) statistically significant shocks occur mainly in the short run.
PB PLOS one
SN 1932-6203
YR 2026
FD 2026
LK https://hdl.handle.net/10630/46090
UL https://hdl.handle.net/10630/46090
LA eng
NO Impact of commodity terms-of-trade shocks at disaggregate level (2026). Jiménez-Rodríguez, R., Morales-Zumaquero, A. PLOS One
DS RIUMA. Repositorio Institucional de la Universidad de Málaga
RD 12 abr 2026