Output volatility, composition of trade, and transmission of economic shocks across countries
作者： Ridwan Karim , Andrey Stoyanov
DOI: 10.1111/ROIE.12465
关键词: Openness to experience 、 International economics 、 Demand shock 、 Supply and demand 、 Volatility risk premium 、 Economics 、 Volatility (finance) 、 Volatility swap
摘要: In this paper we investigate how supply and demand shocks in one country affect output volatility other countries. While the evidence for cross‐country transmission of is mixed, find that volatile leads to larger imports As a result, effect trade openness on highly heterogeneous across countries depends composition their trade. Those whose originate economies with experience greater impact volatility.
sci-hub.se 参考文章(24)
Jie Cai, Andrey Stoyanov, Population aging and comparative advantage Journal of International Economics. ,vol. 102, pp. 1- 21 ,(2016) , 10.1016/J.JINTECO.2016.04.006
Mona Haddad, Jamus Jerome Lim, Cosimo Pancaro, Christian Saborowski, Trade openness reduces growth volatility when countries are well diversified Canadian Journal of Economics. ,vol. 46, pp. 1- 38 ,(2010) , 10.1111/CAJE.12031
Zvi Griliches, Jerry A. Hausman, Errors in variables in panel data Journal of Econometrics. ,vol. 31, pp. 93- 118 ,(1986) , 10.1016/0304-4076(86)90058-8
Alessandro Nicita, Marcelo Olarreaga, Trade, production, and protection database, 1976-2004 The World Bank Economic Review. ,vol. 21, pp. 165- 171 ,(2007) , 10.1093/WBER/LHL012
Jeffrey A Frankel, David Romer, Does Trade Cause Growth? American Economic Review. ,vol. 89, pp. 379- 399 ,(1999) , 10.1257/AER.89.3.379
David Hummels, Rasmus Jørgensen, Jakob Munch, Chong Xiang, The Wage Effects of Offshoring: Evidence from Danish Matched Worker-Firm Data The American Economic Review. ,vol. 104, pp. 1597- 1629 ,(2014) , 10.1257/AER.104.6.1597
Stephane Pallage, Michel A. Robe, On the welfare cost of economic fluctuations in developing countries International Economic Review. ,vol. 44, pp. 677- 698 ,(2003) , 10.1111/1468-2354.T01-2-00085
Enrique G. Mendoza, Terms-of-trade uncertainty and economic growth Journal of Development Economics. ,vol. 54, pp. 323- 356 ,(1997) , 10.1016/S0304-3878(97)00046-1
David H Autor, David Dorn, Gordon H Hanson, The China Syndrome: Local Labor Market Effects of Import Competition in the United States The American Economic Review. ,vol. 103, pp. 2121- 2168 ,(2013) , 10.1257/AER.103.6.2121
N. Nunn, Relationship-Specificity, Incomplete Contracts, and the Pattern of Trade Quarterly Journal of Economics. ,vol. 122, pp. 569- 600 ,(2007) , 10.1162/QJEC.122.2.569