Trade openness reduces growth volatility when countries are well diversified (English)

This paper addresses the mechanisms by which trade openness affects growth volatility. Using a diverse set of export diversification indicators, it presents strong evidence pointing to an important role for export diversification in reducing the effect of trade openness on growth volatility. The authors also identify positive thresholds for product diversification at which the effect of openness on volatility changes sign. The effect is shown to be...

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Author

Haddad,Mona E.;

Lim,Jamus Jerome;

Saborowski,Christian;
Document Date
2010/02/01
Document Type
Policy Research Working Paper
Report Number
WPS5222
Volume No
1
Total Volume(s)
1
Country
World,
Region
Other,
Disclosure Date
2010/07/01
Disclosure Status
Disclosed
Doc Name
Trade openness reduces growth volatility when countries are well diversified
Keywords
Poverty Reduction & Economic Management

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Citation

Haddad,Mona E.; Lim,Jamus Jerome; Saborowski,Christian.

Trade openness reduces growth volatility when countries are well diversified (English). Policy Research working paper ; no. WPS 5222 Washington, DC: World Bank. http://documents.worldbank.org/curated/en/591781468138276391

Trade openness reduces growth volatility when countries are well diversified (English)

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