The concept of ‘comparative advantage’ has always been at the heart of national economic development policy. It refers to the export goods that one country produces better than other countries and the trading of such goods for products that other …
In this study, we assess the effects of the structural shocks on the external debt sustainability in Mongolia, based on an estimated small open economy (SOE) dynamic stochastic general equilibrium (DSGE) model with the traded, the non-traded, and the mining …