Koren, Miklós (contributor); Tenreyro, Silvana (contributor) - 2005 - This version: December 3, 2004
, industrial specialization tends to increase with de-
velopment. However, as we later show, this does not result in higher … the higher specialization of rich countries does not
increase their aggregate risk has also been shown by Koren and …-
trinsic volatility differences across sectors together with countries’ different
patterns of specialization are responsible …