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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Sonraí bibleagrafaíochta
Príomhchruthaitheoir: Levchenko, Andrei
Rannpháirtithe: Di Giovanni, Julian
Formáid: IRIS
Teanga:English
Foilsithe / Cruthaithe: Washington, D.C. : International Monetary Fund, 2008.
Sraith:IMF Working Papers; Working Paper ; No. 2008/146
Rochtain ar líne:Full text available on IMF
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100 1 |a Levchenko, Andrei. 
245 1 0 |a Trade Openness and Volatility /  |c Andrei Levchenko, Julian Di Giovanni. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2008. 
300 |a 1 online resource (60 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a 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 by increased specialization. Third, sectors that are more open are less correlated with the rest of the economy. The point estimates indicate that each of the three effects has an appreciable impact on aggregate volatility. Added together they imply that the relationship between trade openness and overall volatility is positive and economically significant. 
538 |a Mode of access: Internet 
700 1 |a Di Giovanni, Julian. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2008/146 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2008/146/001.2008.issue-146-en.xml  |z IMF e-Library