Trade Openness and Volatility /

This paper examines the mechanisms through which output volatility is related to trade openness using an industry-level panel dataset of manufacturing production and trade. The main results are threefold. First, sectors more open to international trade are more volatile. Second, trade is accompanied...

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Bibliographic Details
Main Author: Levchenko, Andrei
Other Authors: Di Giovanni, Julian
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2008.
Series:IMF Working Papers; Working Paper ; No. 2008/146
Online Access:Full text available on IMF