| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP10775 |
| DP10775 Diversification through Trade | |
| Francesco Caselli; Miklós Koren; Silvana Tenreyro; Milan Lisicky | |
| 发表日期 | 2015-08-23 |
| 出版年 | 2015 |
| 语种 | 英语 |
| 摘要 | A widely held view is that openness to international trade leads to higher GDP volatility, as trade increases specialization and hence exposure to sector-specific shocks. We revisit the common wisdom and argue that when country-wide shocks are important, openness to international trade can lower GDP volatility by reducing exposure to domestic shocks and allowing countries to diversify the sources of demand and supply across countries. Using a quantitative model of trade, we assess the importance of the two mechanisms (sectoral specialization and cross-country diversification) and provide a new answer to the question of whether and how international trade affects economic volatility. |
| 主题 | International Macroeconomics and Finance ; International Trade and Regional Economics ; Monetary Economics and Fluctuations ; Macroeconomics and Growth |
| 关键词 | Diversification Trade Volatility |
| URL | https://cepr.org/publications/dp10775 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/539606 |
| 推荐引用方式 GB/T 7714 | Francesco Caselli,Miklós Koren,Silvana Tenreyro,et al. DP10775 Diversification through Trade. 2015. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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