growth and volatility in developing countries. The results suggest that it is difficult to establish a robust causal … relationship between financial integration and economic growth. Furthermore, there is little evidence that developing countries … have been consistently successful in using financial integration to stabilize fluctuations in consumption growth. However …

Cross-country evidence is presented on resource dependence and the link between volatility and growth. First, growth … depends negatively on volatility of unanticipated output growth independent of initial income per capita, the average … growth. Second, the adverse effect of resources on growth operates primarily through higher volatility. The positive effect …

growth as it “opens up” is contingent upon its own peculiarities …

In this paper, we employ a portfolio approach based on a two-country world to study the impact of financial openness on … the size of government and on other key economic variables, including the consumption-wealth ratio, the growth rate of … consumption-wealth ratio, and welfare should be greater in an open economy because of higher productivity and/or less volatility …

This paper studies the impact of financial openness on the size of government, and other key economic variables, such … as the consumption-wealth ratio, the growth rate of wealth, and welfare, in a two-country world, based on a portfolio …-wealth ratio, and welfare should be higher in an open economy due to a higher productivity and/or less volatility through risk …

reduce macroeconomic volatility. The link between macroeconomic volatility and capital account openness in the Greek economy …. There is no strong evidence for a stable relation between macroeconomic volatility and variables of financial openness. Thus …, seem to be related to macroeconomic growth volatility in the Greek economy. …

This paper discusses the channels between openness and productivity and trade hampering factors. The stylized facts …

-output trade-off and suggests that the ultimate effect of openness on the output-inflation relationship is influenced by a variety … effect of openness on the sacrifice ratio. We develop a simple theoretical model showing how both the extent of pass through … and openness can interact to influence the output-inflation relationship. Next we empirically explore the nature of these …

growth while leaving short term foreign debt and investment in net fixed capital nearly unchanged. This work builds a model … able to derive these facts as the result of greater openness to global goods and financial markets. Emerging countries … generate the observed high ratios of reserves to short term foreign debt to hedge against volatility of foreign capital inflow …