Resource title

Exposure to external country specific shocks and income volatility

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Resource description

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.

Resource author

Marion Jansen, Carolina Lennon, Roberta Piermartini

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Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/26731

Resource license

Adapt according to the presented license agreement and reference the original author.