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World Trade Organization (WTO), Economic Research and Statistics Division, Geneva >
WTO Staff Working Papers, Economic Research and Statistics Division, WTO >
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http://hdl.handle.net/10419/26731
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| Title: | | Exposure to external country specific shocks and income volatility  |
| Authors: | | Jansen, Marion Lennon, Carolina Piermartini, Roberta |
| Issue Date: | | 2009 |
| Series/Report no.: | | Staff working paper ERSD 2009,04 |
| Abstract: | | 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. |
| Subjects: | | Income volatility geographical export diversification external shocks |
| JEL: | | C23 F43 O19 |
| Document Type: | | Working Paper |
| Appears in Collections: | | WTO Staff Working Papers, Economic Research and Statistics Division, WTO
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