reduction in growth volatility, of more than 50%, in the agricultural sector, and a gradual stabilization in services. On the … volatility is due to within-sector changes in volatility, structural change explains less than 5%. Correlates of African … remittances, and improved terms of trade (ToT), as well as lower volatility of ToT and financial flows. These developments were …

second simple component to account for the remaining contribution to the volatility. This allows the analytical calculation …

, one potentially adverse effect of globalization is the possibility that business cycle volatility might increase. Rapid … and badly co-ordinated capital account liberalization has been blamed for enhancing the vulnerability of emerging markets … to unstable international capital flows. At the same time, business cycle volatility in OECD countries seems to have been …

volatility depends on the nature of the underlying shock. Empirical evidence supports this conclusion. Our results also show that … the link between business cycle volatility and financial openness has not been stable over time. …

implies that business cycle volatility is higher the more integrated the capital markets of the member countries of the …