This paper studies the impact of commodity terms of trade (CToT) volatility on economic growth (and its sources) in a …-sectional dependence, and feedback effects. We find that while CToT volatility exerts a negative impact on economic growth (operating …

China's GDP growth slowdown and a surge in global financial market volatility could both adversely affect an already … volatility could translate into a fall in world economic growth of around 0:29 percentage points, but it could also have negative …