Journal article
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 results are based on Bayesian methods that allow us to address formally the problem of model uncertainty and to examine robustness across a wide range of specifications.
- Publication status:
- Published
- Peer review status:
- Not peer reviewed
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- Files:
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(Preview, Author's original, pdf, 862.7KB, Terms of use)
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- Publisher copy:
- 10.1016/j.jdeveco.2008.10.003
Authors
- Publisher:
- Elsevier
- Journal:
- Journal of Development Economics More from this journal
- Volume:
- 90
- Issue:
- 2
- Pages:
- 163 - 178
- Publication date:
- 2009-01-01
- DOI:
- ISSN:
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0304-3878
- Language:
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English
- UUID:
-
uuid:37fe60c4-8f38-4181-86b0-38e6fe3b6759
- Local pid:
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oai:economics.ouls.ox.ac.uk:14807
- Deposit date:
-
2011-08-16
- ARK identifier:
Terms of use
- Copyright holder:
- Elsevier BV
- Copyright date:
- 2009
- Notes:
- Copyright 2008 Elsevier B.V. All rights reserved. NOTICE: this is the author's version of a work that was accepted for publication in Journal of Development Economics. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in Journal of Development Economics, 90, 2, (November 2009) DOI#10.1016/j.jdeveco.2008.10.003
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