Trade openness reduces growth volatility when countries are well diversified

Arbeitspapier

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.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: ECB Working Paper ; No. 1491

Classification and Topics

• Classification: Wirtschaft ; Economic Integration ; Economic Growth of Open Economies ; Development Planning and Policy: Trade Policy; Factor Movement; Foreign Exchange Policy
• Subject: Export diversification ; growth volatility ; trade openness ; Internationale Wirtschaft ; Exportdiversifizierung ; Wirtschaftswachstum ; Volatilität ; Welt

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Haddad, Mona ; Lim, Jamus Jerome ; Pancaro, Cosimo ; Saborowski, Christian
• Event: Veröffentlichung
• (who): European Central Bank (ECB)
• (where): Frankfurt a. M.
• (when): 2012

Further information

• Handle: http://hdl.handle.net/10419/153924
• Last update: 10.03.2025, 11:41 AM CET