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Trade Openness and Vulnerability in Central and Eastern Europe

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  • Pierluigi Montalbano
  • Alessandro Federici
  • Umberto Triulzi
  • Carlo Pietrobelli

Abstract

This paper offers a substantive contribution to the debate on the role of international trade on the development of emerging countries. The aim is to detect empirically the phenomenon of vulnerability induced by trade openness. The methodology adopts a forward-looking approach and tries to fill a missing link in the theory between trade shocks, volatility, and the wellbeing of countries, distinguishing between 'normal' and 'extreme' volatility.

Suggested Citation

  • Pierluigi Montalbano & Alessandro Federici & Umberto Triulzi & Carlo Pietrobelli, 2005. "Trade Openness and Vulnerability in Central and Eastern Europe," WIDER Working Paper Series RP2005-43, World Institute for Development Economic Research (UNU-WIDER).
    • Handle: RePEc:unu:wpaper:rp2005-43
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    2. Hakan Berument & N. Nergiz Dincer & Zafer Mustafaoglu, 2011. "Total factor productivity and macroeconomic instability," The Journal of International Trade & Economic Development, Taylor & Francis Journals, vol. 20(5), pages 605-629, September.
    3. Catalin Angelo Ioan & Gina Ioan, 2017. "The Relationship between Spatial Interdependencies in the European Union and the Trade - II," Acta Universitatis Danubius. OEconomica, Danubius University of Galati, issue 13(1), pages 51-144, February.
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    5. Gina Ioan, 2013. "Countercyclical Economic Policies in Times of Crisis," Acta Universitatis Danubius. OEconomica, Danubius University of Galati, issue 9(3), pages 126-131, June.
    6. Machiko Nissanke & Erik Thorbecke, 2006. "A Quest for Pro-Poor Globalization," WIDER Working Paper Series RP2006-46, World Institute for Development Economic Research (UNU-WIDER).

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