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DC Field | Value | Language |
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dc.contributor.author | Briguglio, Lino | - |
dc.contributor.author | Vella, Melchior | - |
dc.date.accessioned | 2019-07-12T05:43:01Z | - |
dc.date.available | 2019-07-12T05:43:01Z | - |
dc.date.issued | 2019 | - |
dc.identifier.citation | Briguglio, L., & Vella, M. (2019). Trade openness and volatility. Occasional Papers on Islands and Small States, 2, 1-15. | en_GB |
dc.identifier.issn | 10246282 | - |
dc.identifier.uri | https://www.um.edu.mt/library/oar/handle/123456789/44801 | - |
dc.description.abstract | The paper tests and confirms the hypothesis that trade openness tends to generate GDP growth volatility, and that such growth volatility is mitigated by good economic and political governance. This may explain why some economies do not exhibit a high degree of GDP growth volatility even though they are highly-open. The main implication of these results is that countries that are highly dependent on international trade, including most small states, would be exposed to GDP growth volatility, which has various downsides, as explained in the literature review. However, it does not necessary follow that highly trade-open economies -small states in particular - are the ones that experience the highest degree of GDP growth volatility, if these countries adopt appropriate policies to attenuate the effect of openness on volatility. | en_GB |
dc.language.iso | en | en_GB |
dc.publisher | University of Malta. Islands and Small States Institute | en_GB |
dc.rights | info:eu-repo/semantics/openAccess | en_GB |
dc.subject | Stock exchanges -- Case studies | en_GB |
dc.subject | Economic development -- Case studies | en_GB |
dc.subject | Stocks -- Prices | en_GB |
dc.title | Trade openness, volatility and governance | en_GB |
dc.type | article | en_GB |
dc.rights.holder | The copyright of this work belongs to the author(s)/publisher. The rights of this work are as defined by the appropriate Copyright Legislation or as modified by any successive legislation. Users may access this work and can make use of the information contained in accordance with the Copyright Legislation provided that the author must be properly acknowledged. Further distribution or reproduction in any format is prohibited without the prior permission of the copyright holder | en_GB |
dc.description.reviewed | peer-reviewed | en_GB |
dc.publication.title | Occasional Papers on Islands and Small States | en_GB |
Appears in Collections: | Scholarly Works - InsSSI |
Files in This Item:
File | Description | Size | Format | |
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Trade_openness_volatility_and_governance_1.pdf | 259.65 kB | Adobe PDF | View/Open |
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