Arbeitspapier
Does trade openness increase firm-level volatility?
From a theoretical point of view, greater trade openness affects firm-level volatility by changing the exposure and the reaction of firms to macroeconomic shocks. The net effect is ambiguous, though. This paper provides firm-level evidence on the link between openness and volatility. Using two novel datasets on German firms, we analyze the evolution of firm-level output volatility and the link between volatility and trade openness. We find that firm-level output volatility displays patterns similar to those found in aggregated data for Germany. Also, smaller firms and firms that grow faster are more volatile. Increased trade openness tends to lower volatility.
- Sprache
-
Englisch
- Erschienen in
-
Series: Discussion Paper Series 1 ; No. 2006,40
- Klassifikation
-
Wirtschaft
Open Economy Macroeconomics
Business Fluctuations; Cycles
International Financial Markets
- Thema
-
firm-level volatility
trade openness
Politik der offenen Tür
Außenhandelsliberalisierung
Wirtschaftspolitische Wirkungsanalyse
Produktion
Absatz
Volatilität
Schätzung
Deutschland
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Strotmann, Harald
Döpke, Jörg
Buch, Claudia M.
- Ereignis
-
Veröffentlichung
- (wer)
-
Deutsche Bundesbank
- (wo)
-
Frankfurt a. M.
- (wann)
-
2006
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Strotmann, Harald
- Döpke, Jörg
- Buch, Claudia M.
- Deutsche Bundesbank
Entstanden
- 2006
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