International risk sharing and commodity prices

Vol: 
34/2011
Author name: 
Berka M
Crucini MJ
Wang CW
Year: 
2011
Month: 
October
Abstract: 

The heterogeneity of business cycles across countries outside the large industrialized ones is vast. The hypothesis put forward here is that a substantial fraction of this heterogeneity reflects a concentration of exports in a single or very few primary commodities.

Publication file: 

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