Does Openness Imply Greater Exposure?

External exposure can be measured by the sensitivity of first and second moments of economic growth to openness and foreign shocks. This paper provides an empirical evaluation of external exposure using panel data methods for a worldwide sample of countries. Controlling for domestic conditions, the...

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Bibliographic Details
Main Authors: Calderón, César, Loayza, Norman, Schmidt-Hebbel, Klaus
Format: Publications & Research
Language:English
Published: World Bank, Washington, DC 2012
Online Access:http://documents.worldbank.org/curated/en/2005/10/6318232/openness-imply-greater-exposure
http://hdl.handle.net/10986/8645

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