Trade Openness and Vulnerability in Central and Eastern Europe
Pierluigi Montalbano (),
Umberto Triulzi and
No RP2005-43, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)
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.
Keywords: Econometric models (Economic development); International trade; Macroeconomics; Poverty (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:unu:wpaper:rp2005-43
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