Exposure to external country specific shocks and income volatility

Arbeitspapier

We show that exposure to country specific shocks has a positive and significant impact on GDP volatility. In particular, we find that the degree to which the cycles of different trading partners are correlated is more important in explaining exporters’ GDP volatility than the volatility of demand in individual export market. We also show that geographical diversification is a significant determinant of countries' exposure to country specific shocks.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: WTO Staff Working Paper ; No. ERSD-2009-04

Classification and Topics

• Classification: Wirtschaft ; Single Equation Models; Single Variables: Panel Data Models; Spatio-temporal Models ; Economic Growth of Open Economies ; International Linkages to Development; Role of International Organizations
• Subject: Income volatility ; geographical export diversification ; external shocks ; Schock ; Sozialprodukt ; Volatilität ; Exportdiversifizierung ; Welt

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Jansen, Marion ; Lennon, Carolina ; Piermartini, Roberta
• Event: Veröffentlichung
• (who): World Trade Organization (WTO)
• (where): Geneva
• (when): 2009

Further information

• DOI: doi:10.30875/2fa80669-en
• Handle: http://hdl.handle.net/10419/26731
• Last update: 10.03.2025, 11:42 AM CET