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Trade Openness And Volatility 1st Edition Andrei A Levchenko Julian Di Giovanni

  • SKU: BELL-51286508
Trade Openness And Volatility 1st Edition Andrei A Levchenko Julian Di Giovanni
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Trade Openness And Volatility 1st Edition Andrei A Levchenko Julian Di Giovanni instant download after payment.

Publisher: International Monetary Fund
File Extension: EPUB
File size: 2.02 MB
Pages: 62
Author: Andrei A. Levchenko; Julian di Giovanni
ISBN: 9781451914573, 1451914571
Language: English
Year: 2008
Edition: 1

Product desciption

Trade Openness And Volatility 1st Edition Andrei A Levchenko Julian Di Giovanni by Andrei A. Levchenko; Julian Di Giovanni 9781451914573, 1451914571 instant download after payment.

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.

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