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The geography of output volatility.

Abstract:

This paper examines the structural determinants of output volatility in developing countries, and especially the roles of geography and institutions. We investigate the volatility effects of market access, climate variability, the geographic predisposition to trade, and various measures of institutional quality. We find an especially important role for market access: remote countries are more likely to have undiversified exports and to experience greater volatility in output growth. Our resul...

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Publication status:
Published
Peer review status:
Not peer reviewed
Version:
Author's Original

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Publisher copy:
10.1016/j.jdeveco.2008.10.003

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Institution:
University of Oxford
Role:
Author
Publisher:
Elsevier B.V.
Journal:
Journal of Development Economics Journal website
Volume:
90
Issue:
2
Publication date:
2009-01-01
DOI:
URN:
uuid:37fe60c4-8f38-4181-86b0-38e6fe3b6759
Local pid:
oai:economics.ouls.ox.ac.uk:14807
Language:
English

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