| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 7243719 | Journal of Economic Behavior & Organization | 2013 | 16 Pages |
Abstract
⺠Poorer countries are more volatile because they specialize in more volatile sectors. ⺠Our theory links product complexity, sectoral volatility, and comparative advantage. ⺠Poorer countries will specialize in less complex goods which are also more volatile. ⺠We provide novel empirical evidence that less complex industries are more volatile.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Pravin Krishna, Andrei A. Levchenko,