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emergence of large economic players, like China, is likely to have weakened the role of the U.S. economy as a driver of global …
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, the reverse is also true. Output shocks from emerging Asia (and the People's Republic of China [PRC]) have a significant …
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This paper investigates Central America''s external linkages over the last fifteen years of increased integration in light of the 2008-09 global recession. Using structural VAR models, it is found that a one percent shock to U.S. growth shifts economic activity in Central America by 0.7 to 1...
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