It takes the average reader and 38 minutes to read Does A Regional Trade Agreement Lessen or Exacerbate Growth Volatility? An Empirical Investigation by Mr.Kangni Kpodar
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This paper assesses how regional trade agreements (RTAs) impact growth volatility on a worldwide sample of 170 countries with data spanning the period 1978-2012. Notwithstanding concerns that trade openness through RTAs can heighten exposure to shocks, in particular when it leads to increased product specialization, RTAs through enhanced policy credibility, improved policy coordination, and reduced risk of conflicts can ease growth volatility. Empirical estimations suggest the benefits outweigh the costs as RTAs are consistently associated with lower growth volatility, after controlling for...
Does A Regional Trade Agreement Lessen or Exacerbate Growth Volatility? An Empirical Investigation by Mr.Kangni Kpodar is 37 pages long, and a total of 9,509 words.
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