Growth volatility and trade: evidence from the 1967-1975 closure of the Suez Canal
Rasyad Parinduri ()
MPRA Paper from University Library of Munich, Germany
This paper examines the effects of trade on economic growth and growth volatility. Using the 1967-1975 closure of the Suez Canal as an instrument for trade, I find that trade leads to higher economic growth, and lower probability of recession or economic slowdown. There is no evidence that trade reduces growth volatility, however.
Keywords: economic growth; volatility; trade; IV method (search for similar items in EconPapers)
JEL-codes: F13 F43 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:39040
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