01725cas a2200241 a 4500 AALejournalIMF001175 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451847505 1018-5941 BD-DhAAL BD-DhAAL Kireyev, Alexei. Comparative Macroeconomic Dynamics in the Arab World : A Panel Var Approach / Alexei Kireyev. Washington, D.C. : International Monetary Fund, 2000. 1 online resource (52 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The paper presents a comparative analysis of macroeconomic dynamics of 18 Arab countries based on a panel vector autogression estimation. Comparing growth performance, fiscal and current account developments in these countries, the study concludes that (1) in the short run, external and country-specific factors play an almost equal role in explaining macroeconomic fluctuations, but in the long run external factors dominate; (2) on average, program countries are less vulnerable to adverse exogeneous shocks than nonprogram countries; (3) to mitigate the negative impact of an external shock, domestic policy response should be consistent with the size of the shock. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2000/054 Full text available on IMF http://elibrary.imf.org/view/journals/001/2000/054/001.2000.issue-054-en.xml IMF e-Library