Industry volatility and international trade

Arbeitspapier

We develop an empirical framework that allows us to account for producer-country, industry, and demand shocks as drivers of volatility at the industry level in open economies. Our methodology separately accounts for demand shocks originating in the home and foreign markets. Using a panel of manufacturing and trade data, our findings suggest that, independent of the level of aggregation, output volatility is driven primarily by shocks originating in the destination markets for an industry's sales (demand shocks) including home markets. Further, we show that industries more open to trade are more volatile because intra-industry imports increase the uncertainty of 1) domestic demand, and 2) production through greater exposure to foreign shocks.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: School of Economics Discussion Papers ; No. 1709

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Economic Integration ; International Business Cycles ; Economic Impacts of Globalization: Microeconomic Impacts
• Thema: Output Volatility ; Demand Shocks ; Trade ; Industry-level Data

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Ardelean, Adina ; León-Ledesma, Miguel A. ; Puzzello, Laura
• Ereignis: Veröffentlichung
• (wer): University of Kent, School of Economics
• (wo): Canterbury
• (wann): 2017

Weitere Informationen

• Handle: http://hdl.handle.net/10419/175520
• Letzte Aktualisierung: 10.03.2025, 11:42 MEZ