Trade openness reduces growth volatility when countries are well diversified

被引：120

作者：

Haddad, Mona ^{[1
]}

Lim, Jamus Jerome ^{[2
,5
]}

Pancaro, Cosimo ^{[3
]}

Saborowski, Christian ^{[4
]}

机构：

[1] World Bank, Int Trade Dept, Washington, DC 20433 USA

[2] World Bank, Dev Prospects Grp, Washington, DC USA

[3] European Cent Bank, Directorate Gen Financial Stabil, Frankfurt, Germany

[4] Int Monetary Fund, European Dept, Washington, DC 20431 USA

[5] Santa Cruz Inst Int Econ, Santa Cruz, CA USA

来源：

CANADIAN JOURNAL OF ECONOMICS-REVUE CANADIENNE D ECONOMIQUE | 2013年 / 46卷 / 02期

关键词：

INCOME;

D O I：

10.1111/caje.12031

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper addresses the mechanisms by which trade openness affects growth volatility. Using a diverse set of export concentration measures, we present strong evidence pointing to an important role for export diversification in conditioning the effect of trade openness on growth volatility. Indeed, the effect of openness on volatility is shown to be negative for a significant proportion of countries with relatively diversified export baskets.

引用

页码：765 / 790

页数：26

共 27 条

[1] Sources of economic fluctuations in Latin America and implications for choice of exchange rate regimes [J].