Similar Search Results

Manganelli, Simone; Popov, Alexander - 2010

We study how financial market efficiency affects a measure of diversification of output across industrial sectors … and for various levels of disaggregation, we construct a benchmark measure of diversification as the set of allocations of … patterns disappear when we employ "naive" measures of diversification based on the equal spreading of output across sectors. …

Persistent link: https://www.econbiz.de/10011605305

Technological diversification

Koren, Miklós; Tenreyro, Silvana - 2005

technological diversification. Production makes use of different input varieties, which are subject to imperfectly correlated shocks …. In our model, the expansion in the number of varieties provides diversification benefits against variety-specific shocks …

Persistent link: https://www.econbiz.de/10011604597

Exposure to external country specific shocks and income volatility

Jansen, Marion; Lennon, Carolina; Piermartini, Roberta - 2009

diversification is a significant determinant of countries' exposure to country specific shocks. …

Persistent link: https://www.econbiz.de/10010326723

Exchange rate volatility and growth in small open economies at the EMU periphery

Schnabl, Gunther - 2007

Since the introduction of the euro in January 1999, exchange rate stability at the periphery of the euro area is growing. The paper investigates the impact of exchange rate stability on growth for a sample of 41 mostly small open economies at the EMU periphery. It identifies international trade,...

Persistent link: https://www.econbiz.de/10011604819

Trade openness reduces growth volatility when countries are well diversified

Haddad, Mona; Lim, Jamus Jerome; Pancaro, Cosimo; … - 2012

concentration measures, we present strong evidence pointing to an important role for export diversification in conditioning the …

Persistent link: https://www.econbiz.de/10011605536

Exchange rate volatility and growth in emerging Europe and East Asia

Schnabl, Gunther - 2007

The paper investigates the impact of exchange rate volatility on growth in Emerging Europe and East Asia. Exchange stability has been argued to affect growth negatively as it deprives countries from the ability to react in a flexible way to asymmetric real shocks and may enhance the probability...

Persistent link: https://www.econbiz.de/10010264150

Aid, volatility and growth again: When aid volatility matters and when it does not

Chauvet, Lisa; Guillaumont, Patrick - 2008

In previous papers we have argued that aid is likely to mitigate the negative effects of external shocks on economic growth (i.e., aid is more effective in countries that are more vulnerable to external shocks). Recently an important debate has emerged about the possible negative effects of aid...

Persistent link: https://www.econbiz.de/10010273414

Global food price volatility and spikes: An overview of costs, causes, and solutions

von Braun, Joachim; Tadesse, Getaw - 2012

Since the 2007-08 food crisis, many thoughtful analyses have addressed the causes and impacts of high and volatile international food prices and proposed solutions to the crisis. These studies have covered global as well as local food price dynamics and policy reactions. The food price problem...

Persistent link: https://www.econbiz.de/10010323663

Rainfall forecasts, weather and wages over the agricultural production cycle

Rosenzweig, Mark R.; Udry, Christopher - 2014

We look at the effects of rainfall forecasts and realized rainfall on equilibrium agricultural wages over the course of the agricultural production cycle. We show theoretically that a forecast of good weather can lower wages in the planting stage, by lowering ex ante out-migration, and can...

Persistent link: https://www.econbiz.de/10010369059

The impact of commodity price volatility on resource intensive economies

Keay, Ian - 2010

Commodity price volatility is bad for macroeconomic performance. Virtually all empirical studies that document this negative relationship rely on the estimation of aggregate growth equations using cross-section evidence drawn from the post-1970 era. This paper uses a simulation model based on...

Persistent link: https://www.econbiz.de/10010290312