Asymmetric transmission and effects of resource shocks: Case of Mongolia

Delgerjargal Chuluunbayar

MPRA Paper from University Library of Munich, Germany

Abstract: This paper contributes to the empirical evidence on Dutch disease by studying the transmission of resource shocks in Mongolia. Asymmetric resource shock transmissions adjusted for the business cycle stage were estimated using a Markov Switching Vector Autoregression model (VAR) and data from 2000Q1 to 2019Q4. The results of these and additional estimates employing recursive and non-recursive VAR models found evidence of a positive technological spillover effect from the resource sector on the Mongolian economy. However, it is evident that the main source of economic volatility is from the mining sector.

Keywords: Resource shocks; Mongolia; Markov Switching VAR; SVAR (search for similar items in EconPapers)
JEL-codes: C32 E32 F43 F62 (search for similar items in EconPapers)
Date: 2020-10
New Economics Papers: this item is included in nep-cis, nep-mac and nep-ore
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/104641/1/MPRA_paper_104641.pdf original version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:104641

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().