As summarized by Ana-Maria Fuertes, Ph.D., Professor in Finance and Econometrics, Cass Business School, City, University of London, U.K. and Member of the GCARD’s Editorial Advisory Board
This digest article summarizes a research paper by the following three co-authors: Yousef Makhlouf, Ph.D., College of Business Law and Social Sciences, Nottingham Trent University, U.K.; Neil Kellard, Ph.D., Essex Business School and Essex Finance Centre, University of Essex, U.K.; and Dmitri Vinogradov, Ph.D., Adam Smith Business School, University of Glasgow, U.K. Their paper empirically investigates the impact of commodity price movements on child mortality in low and lower-middle income countries. They find that commodity terms-of-trade volatility increases child mortality in highly commodity-dependent importers. They also find that the presence of sound institutions (proxied by democracy) mitigates the harmful impact of commodity price volatility.
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