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Exposure to external country specific shocks and income volatility

By:

Jansen, Marion

Material type: Text

TextPublication details: [WTO] [Geneva]CH 2009Description: 23 pAction note:

3/31/09 JOYD

Summary: 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.

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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.

3/31/09 JOYD

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