Trade openness and volatility

Review of Economics and Statistics

Volumn 91, Issue 3, 2009, Pages 558-585

  di Giovanni, Julian ^a   Levchenko, Andrei A ^a  

^a UNIVERSITY OF MICHIGAN   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 63149113817     PISSN: 00346535     EISSN: 15309142     Source Type: Journal    
DOI: 10.1162/rest.91.3.558     Document Type: Article

References (53)

1. Anderson, James, and Eric van Wincoop, "Gravity with Gravitas: A Solution to the Border Puzzle," American Economic Review 93:1 (2003), 170-192
2. Anderson, James, and Eric van Wincoop, "Trade Costs," Journal of Economic Literature 42:3 (2004), 691-751
3. Backus, David K., Patrick J. Kehoe, and Finn E. Kydland, "International Real Business Cycles," Journal of Political Economy 100:4 (1992), 745-775.
4. Barlevy, Gadi, "The Costs of Business Cycles Under Endogenous Growth," American Economic Review 94:4 (2004), 964-990
5. Baxter, Marianne, and Michael Kouparitsas, "Determinants of Business Cycle Comovement: A Robust Analysis," Journal of Monetary Economics 52:1 (2005), 113-157
6. Beck, Thorsten, Asli Demirgüč-Kunt, and Ross Levine, "A New Database on Financial Development and Structure," World Bank Economic Review 14:3 (2000), 597-605
7. Bejan, Maria, "Trade Openness and Output Volatility," ITAM mimeograph (October 2004)
8. Bekaert, Geert, Campbell R. Harvey, and Christian Lundblad, "Growth Volatility and Financial Liberalization," Journal of International Money and Finance, 25:3 (2006), 370-403.
9. Buch, Claudia M., Jörg Döpke, and Harald Strotmann, "Does Export Openness Increase Firm-Level Volatility?" University of Tübingen and Deutsche Bundesbank mimeograph (2006).
10. Burstein, Ariel, Christopher Kurz, and Linda L. Tesar, "International Trade, Production Sharing and the Transmission of Business Cycles," UCLA and the University of Michigan mimeograph (November 2004).
11. Cavallo, Eduardo A., "Openness to Trade and Output Volatility: A Reassessment," Harvard University mimeograph (2005).
12. Cecchetti, Stephen G., Alfonso Flores-Lagunes, and Stefan Krause, "Assessing the Sources of Changes in the Volatility of Real Growth," NBER working paper no. 11946 (January 2006).
13. Chaney, Thomas, "Distorted Gravity: Heterogeneous Firms, Market Structure, and the Geography of International Trade," University of Chicago mimeograph (2006)
14. Comín, Diego, and Thomas Philippon, "The Rise in Firm-Level Volatility: Causes and Consequences" (pp. 167-201), in Mark Gertler and Kenneth S. Rogoff (Eds., NBER Macroeconomics Annual 2005, vol. 20 (Cambridge, MA: MIT Press, 2006).
15. di Giovanni, Julian, and Andrei A. Levchenko, "The Risk Content of Exports: A Portfolio View of International Trade," IMF Mimeograph (2007).
16. Do, Quy-Toan, and Andrei A. Levchenko, "Comparative Advantage, Demand for External Finance, and Financial Development," Journal of Financial Economics 86:3 (2007), 796-834.
17. Easterly, William, Roumeen Islam, and Joseph E. Stiglitz, "Shaken and Stirred: Explaining Growth Volatility," in B. Pleskovic and N. Stern (Eds.), Annual World Bank Conference on Development Economics (2001).
18. Evans, Carolyn, "The Economic Significance of National Border Effects," American Economic Review 93:4 (2003), 1291-1312
19. Feenstra, Robert C., Robert E. Lipsey, Haiyan Deng, Alyson C. Ma, and Hengyong Mo, "World Trade Flows: 1962-2000," NBER working paper no. 11040 (January 2005).
20. Feenstra, Robert, James Markusen, and Andrew Rose, "Using the Gravity Equation to Differentiate Among Alternative Theories of Trade," Canadian Journal of Economics 34:2 (2001), 430-447
21. Frankel, Jeffrey A., and David Romer, "Does Trade Cause Growth?" American Economic Review 89:3 (1999), 379-399.
22. Frankel, Jeffrey A., and Andrew K. Rose, "The Endogeneity of the Optimum Currency Area Criteria," Economic Journal 108:449 (1998), 1009-1025.
23. Gabaix, Xavier, "The Granular Origins of Aggregate Fluctuations," MIT Mimeograph (January 2005)
24. Gavin, Michael, and Ricardo Hausmann, "Growth with Equity: The Volatility Connection" (pp. 91-109), in Nancy Birdsall, Carol Graham, and Richard H. Sabot (Eds.), Beyond Tradeoffs: Market Reforms and Equitable Growth in Latin America (Washington, DC: Inter-American Development Bank and the Brookings Institution, 1998).
25. Helpman, Elhanan, Marc Melitz, and Yona Rubinstein, "Trading Partners and Trading Volumes," Harvard University mimeograph (2006)
26. Heston, Alan, Robert Summers, and Bettina Aten, "Penn World Table Version 6.1," Center for International Comparisons at the University of Pennsylvania (October 2002).
27. Hummels, David, "Towards a Geography of Trade Costs," Purdue University mimeograph (2001)
28. ILO, "A Fair Globalization: Creating Opportunities for All," World Commission on the Social Dimension of Globalization Report, Geneva, Switzerland (2004)
29. Imbs, Jean, "Growth and Volatility," Journal of Monetary Economics 54:7 (2007), 1848-1862
30. Imbs, Jean, and Romain Wacziarg, "Stages of Diversification," American Economic Review 93:1 (2003), 63-86
31. Kalemli-Ozcan, Sebnem, Bent E. Sørensen, and Oved Yosha, "Risk Sharing and Industrial Specialization: Regional and International Evidence," American Economic Review 93:3 (2003), 903-918.
32. Koren, Miklós, and Silvana Tenreyro, "Volatility and Development," Quarterly Journal of Economics 122:1 (2007), 243-287
33. Kose, M. Ayhan, "Explaining Business Cycles in Small Open Economies: How Much Do World Prices Matter?" Journal of International Economics 56:2 (2001), 299-327.
34. Kose, M. Ayhan, Eswar S. Prasad, and Marco E. Terrones, "Financial Integration and Macroeconomic Volatility," IMF Staff Papers special issue 50 (2003), 119-141.
35. Kose, M. Ayhan, and Kei-Mu Yi, "Can the Standard International Business Cycle Model Explain the Relation Between Trade and Comovement," Journal of International Economics 68:2 (2006), 267-295.
36. Kraay, Aart, and Jaume Ventura, "Comparative Advantage and the Cross-Section of Business Cycles," Journal of the European Economic Association 5:6 (2007), 1300-1333
37. Krebs, Tom, Pravin Krishna, and William Mahoney, "Trade Policy, Income Risk, and Welfare," Syracuse University, John Hopkins University, and the World Bank mimeograph (November 2005)
38. Lai, Huiwen, and Daniel Trefler, "The Gains from Trade with Monopolistic Competition: Specification, Estimation, and Mis-Specification," NBER working paper no. 9169 (2001).
39. Laursen, Thomas, and Sandeep Mahajan, "Volatility, Income Distribution, and Poverty" (pp. 101-136), in Joshua Aizenman and Brian Pinto (Eds.), Managing Economic Volatility and Crises: A Practitioner's Guide (New York: Cambridge University Press, 2005).
40. Long, John, and Charles Plosser, "Real Business Cycles," Journal of Political Economy 91:1 (1983), 39-69
41. Newbery, David M. G., and Joseph E. Stiglitz, "Pareto Inferior Trade," Review of Economic Studies 51:1 (1984), 1-12.
42. Pallage, Stéphane, and Michel A. Robe, "On the Welfare Cost of Economic Fluctuations in Developing Countries," International Economic Review 44:2 (2003), 677-698.
43. Raddatz, Claudio, "Liquidity Needs and Vulnerability to Financial Underdevelopment," Journal of Financial Economics 80:3 (2006), 677-722
44. Ramey, Garey, and Valerie A. Ramey, "Cross-Country Evidence on the Link Between Volatility and Growth," American Economic Review 85:5 (1995), 1138-1151.
45. Rauch, James E., "Networks Versus Markets in International Trade," Journal of International Economics 48:1 (1999), 7-35.
46. Rauch, James E., and Vitor Trindade, "Ethnic Chinese Networks in International Trade," this REVIEW 84:1 (2002), 116-130.
47. Rodrik, Dani, Has Globalization Gone Too Far? (Washington, DC: Institute for International Economics, 1997)
48. Rodrik, Dani, "Why Do More Open Economies Have Bigger Governments?" Journal of Political Economy 106:5 (1998), 997-1032
49. Santos Silva, J. M. C., and Silvana Tenreyro, "The Log of Gravity," this REVIEW 88:4 (2006), 641-658.
50. Stock, James H., and Mark W. Watson, "Has the Business Cycle Changed and Why?" (pp. 159-218), in Mark Gertler and Kenneth S. Rogoff (Eds.), NBER Macroeconomics Annual 2002 (Cambridge, MA: MIT Press, 2003).
51. Stock, James H., and Motohiro Yogo, "Testing for Weak Instruments in Linear IV Regression" (pp. 80-108), in Donald W. K. Andrews and James H. Stock (Eds.), Identification and Inference for Econometric Models: Essays in Honor of Thomas Rothenberg (Cambridge: University Press Cambridge, 2005).
52. United Nations Industrial Development Organization, "Industrial Statistics Database," CD-ROM (2006)
53. Volosovych, Vadym, "Financial Market Integration, Risk Sharing, and Institutions: Theory and Evidence," Florida Atlantic University, Department of Economics, working paper no. 06008 (December 2006).