results for the most recent period suggest that a uniform shock to output volatility in the world economy roughly …-country interdependence of output volatility has evolved over the period 1955 to 2006. From a methodological perspective, we adopt a spatial … econometric approach, relating a country's output volatility to (distance weighted averages of) other countries' output volatility …

This paper addresses the mechanisms by which trade openness affects growth volatility. Using a diverse set of export … effect of trade openness on growth volatility. The authors also identify positive thresholds for product diversification at … which the effect of openness on volatility changes sign. The effect is shown to be positive only for a minority of countries …

In this paper we investigate how supply and demand shocks in one country affect output volatility in other countries … leads to larger imports and output volatility in other countries. As a result, the effect of trade openness on output … volatility is highly heterogeneous across countries and depends on the composition of their trade. Those countries whose imports …