Moore, Winston; Walkes, Carlon - In: International Review of Applied Economics 24 (2010) 2, pp. 179-202
volatility for a sample of 147 countries for the period 1970 to 2005. The study reports that less concentrated countries tend to … have lower rates of output, consumption and investment growth volatility. In addition, while trade and capital account … openness variables alone tend to diminish economic volatility, in concentrated economies opening both the capital and trade …