Trade Openness and Volatility »
Journal Issue
Volume/Issue: 2008/146
Series: IMF Working Papers
Author(s): Andrei Levchenko , and Julian Di Giovanni
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 June 2008
DOI: http://dx.doi.org/10.5089/9781451870046.001
ISBN: 9781451870046
Keywords: Output Volatility, Specialization, Comovement, Sector-Level Data, trade openness, aggregate volatility, correlation, equation, output growth,
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, se...