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Does trade raise growth rates of commodity exporters less than those of industrial goods exporters? Do industrial countries gain more from trade? Do world trade booms over the past two centuries help account for the widening gap between rich and poor countries because of some asymmetric growth...
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important determinant of volatility?more diversified latent export baskets are associated with lower terms of trade volatility … and, subsequently, lower GDP per capita volatility, even after controlling for the degree of contemporaneous export …
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This study uses household models based on detailed expenditure and agricultural production data from 31 developing countries to assess the impacts of changes in global food prices on poverty in individual countries and for the world as a whole. The analysis finds that food price increases...
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