Trade Openness and Volatility

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 by increased specialization. Third, sectors... READ MORE...

Publication date: June 2008
ISBN 9781451870046
$18.00

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