Chaudhuri, Sarbajit; Biswas, Anindya - In: Indian Growth and Development Review 11 (2018) 1, pp. 22-33
Purpose: Some recent empirical studies have found that developing countries are more prone to external terms-of-trade shocks compared to developed nations. With this background, the purpose of this paper is to the question of whether developing countries possess any built-in mechanism that can...