Haddad, Mona; Lim, Jamus Jerome; Saborowski, Christian - 2012
increased volatility in its terms of trade, openness confers diversification benefits. In this note, authors argue that export … diversification is a key mitigating factor for the total effect of openness on volatility. More specifically, authors show that most … developing countries fall on the "good" side of a diversification threshold, where they are likely to experience less volatility …