Arbeitspapier
Trade openness reduces growth volatility when countries are well diversified
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.
- Sprache
-
Englisch
- Erschienen in
-
Series: ECB Working Paper ; No. 1491
- Klassifikation
-
Wirtschaft
Economic Integration
Economic Growth of Open Economies
Development Planning and Policy: Trade Policy; Factor Movement; Foreign Exchange Policy
- Thema
-
Export diversification
growth volatility
trade openness
Internationale Wirtschaft
Exportdiversifizierung
Wirtschaftswachstum
Volatilität
Welt
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Haddad, Mona
Lim, Jamus Jerome
Pancaro, Cosimo
Saborowski, Christian
- Ereignis
-
Veröffentlichung
- (wer)
-
European Central Bank (ECB)
- (wo)
-
Frankfurt a. M.
- (wann)
-
2012
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:41 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Haddad, Mona
- Lim, Jamus Jerome
- Pancaro, Cosimo
- Saborowski, Christian
- European Central Bank (ECB)
Entstanden
- 2012