We show that exposure to country specific shocks has a positive and significant impact on GDP volatility. In particular … 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. -- Income volatility ; geographical …

, growth depends negatively on volatility of unanticipated output growth independent of initial income, investment, human … on growth is swamped by the indirect negative effect through volatility. Third, with well developed financial sectors …, the resource curse is less pronounced. Fourth, landlocked countries with ethnic tensions have higher volatility and lower …

This paper addresses the mechanisms by which trade openness affects growth volatility. Using a diverse set of export … effect of trade openness on growth volatility. Indeed, the effect of openness on volatility is shown to be negative for a …

We analyze how trade affects aggregate volatility using a multi-country, multiindustry, and multi-destination framework … volatility for high volatility countries. On the other hand, reducing specialization increases volatility. …