Giovanni, Julian di; Levchenko, Andrei A. - Research Seminar in International Economics, University … - 2008
It has been suggested that countries whose exports are in especially risky sectors will experience higher output … features across countries and over time. The exercise reveals large cross-country differences in the risk content of exports …. This measure is strongly correlated with the volatility of terms-of-trade, total exports, and output, but does not exhibit …
