Table 9. Cross-Country and Cross-Decade Impacts of Changes in Openness
|
Sample |
____________________________Effect____________________________ | |||
|
Sector Volatility |
Comovement |
Specialization |
Total | |
|
Full ∆σA2 ∆σA2 /σA2 |
0.0009 0.1016 |
-0.0003 -0.0389 |
0.0011 0.1281 |
0.0016 0.1908 |
|
Developed |
0.0003 0.2432 |
-0.0001 -0.0945 |
0.0003 0.2517 |
0.0005 0.4005 |
|
Developing |
0.0012 0.1367 |
-0.0004 -0.0503 |
0.0018 0.1971 |
0.0025 0.2834 |
|
1970s |
0.0008 0.0717 |
-0.0004 -0.0369 |
0.0005 0.0451 |
0.0009 0.0799 |
|
1980s |
0.0007 0.0909 |
-0.0007 -0.0837 |
0.0008 0.1045 |
0.0009 0.1118 |
|
1990s |
0.0013 0.1865 |
-0.0007 -0.1015 |
0.0013 0.1918 |
0.0019 0.2767 |
Notes: This table reports the estimated change in aggregate volatility, in absolute terms (∆σA2 ), and relative to the
average aggregate volatility in the sample (∆σA2 /σA2 ). The first three columns report the individual effects, and the
last column the combined effect. The trade opening used in this table is equivalent to moving from the 25th to 75th
percentile of trade openness in the sample.
30
More intriguing information
1. Evaluating Consumer Usage of Nutritional Labeling: The Influence of Socio-Economic Characteristics2. Land Police in Mozambique: Future Perspectives
3. The name is absent
4. ASSESSMENT OF MARKET RISK IN HOG PRODUCTION USING VALUE-AT-RISK AND EXTREME VALUE THEORY
5. THE CHANGING STRUCTURE OF AGRICULTURE
6. The name is absent
7. Real Exchange Rate Misalignment: Prelude to Crisis?
8. Computational Experiments with the Fuzzy Love and Romance
9. Conflict and Uncertainty: A Dynamic Approach
10. The name is absent