Commodity price volatility and world market integration since 1700

Poor countries are more volatile than rich countries, and this volatility impedes their growth. Furthermore, commodity prices are a key source of that volatility. This paper explores price volatility since 1700 to offer three stylized facts: commodity price volatility has not increased over time, co...

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Detalhes bibliográficos
Principais autores: Jacks, D, O'Rourke, K, Williamson, J
Formato: Journal article
Idioma:English
Publicado em: MIT Press 2011