Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/26731 
Year of Publication: 
2009
Series/Report no.: 
WTO Staff Working Paper No. ERSD-2009-04
Publisher: 
World Trade Organization (WTO), Geneva
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
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.