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Exposure to external country specific shocks and income volatility

Jansen, Marion

Exposure to external country specific shocks and income volatility - [Geneva]CH [WTO] 2009 - 23 p.

Analyzes the relevance of country specific shocks for income volatility in open economies. Shows that exposure to country specific shocks has a positive and significant impact on GDP volatility. Shows also that geographical diversification is a significant determinant of countries exposure to country specific shocks.

03.02.05 J35










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