Abstract
In this paper we test to see if the El Nino-Southern Oscillation (ENSO) phenomenon has an influence on national business cycles. If El Nino has any effect at all on business cycles and economic growth, one would expect it, at the very least, to affect small, undiversified economies highly dependent on agriculture and fishing. However, we find that while El Nino exhibits some influence on South Africa, Australia, and perhaps India, there is surprisingly little statistically significant effect on GDP growth or on price inflation in the other countries in our sample. Moreover, we see little significant El Nino effect on agricultural commodity prices.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
