Jacks, David S.; O'Rourke, Kevin H.; Williamson, Jeffrey G. - Institute for International Integration Studies (IIIS), … - 2009
Poor countries are more volatile than rich countries, and we know this volatility impedes their growth. We also know that commodity price volatility is a key source of those shocks. This paper explores commodity and manufactures price over the past three centuries to answer three questions: Has...
