Trade Openness and Volatility



Table A2. Sector Summary Statistics: 1970-99

Growth

Imports/

Exports/

ISIC

Sector Name

Avg.

St. Dev.

Output

Output

311

Food products

0.015

0.108

0.107

0.124

313

Beverages

0.029

0.129

0.062

0.036

314

Tobacco

0.034

0.166

0.030

0.021

321

Textiles

0.021

0.120

0.238

0.214

322

Wearing apparel, except footwear

0.018

0.113

0.108

0.236

323

Leather products

0.013

0.163

0.288

0.291

324

Footwear, except rubber or plastic

0.021

0.150

0.179

0.178

331

Wood products, except furniture

0.021

0.159

0.145

0.124

332

Furniture, except metal

0.022

0.149

0.148

0.116

341

Paper and products

0.028

0.143

0.328

0.089

342

Printing and publishing

0.031

0.124

0.103

0.036

351

Industrial chemicals

0.040

0.181

0.617

0.198

352

Other chemicals

0.028

0.124

0.353

0.089

353

Petroleum refineries

0.037

0.230

0.155

0.075

354

Misc. petroleum and coal products

0.026

0.225

0.094

0.041

355

Rubber products

0.017

0.149

0.179

0.056

356

Plastic products

0.023

0.131

0.131

0.041

361

Pottery, china, earthenware

0.031

0.162

0.240

0.113

362

Glass and products

0.033

0.142

0.282

0.117

369

Other non-metallic mineral products

0.035

0.128

0.087

0.048

371

Iron and steel

0.028

0.175

0.408

0.142

372

Non-ferrous metals

0.022

0.199

0.450

0.299

381

Fabricated metal products

0.023

0.135

0.283

0.087

382

Machinery, except electrical

0.029

0.158

1.022

0.178

383

Machinery, electric

0.032

0.141

0.352

0.075

384

Transport equipment

0.033

0.172

0.813

0.154

385

Professional & scientific equipment

0.025

0.178

1.676

0.457

390

Other manufactured products

0.020

0.166

0.637

0.367

Notes: ‘Growth’ is the real manufacturing output per worker growth rate computed annually over 1970-
99. Imports and exports to output are averages of total manufacturing imports and exports divided by
total manufacturing output. These summary statistics are calculated based on the sample used in the
cross-sectional regressions of Table 1.

35



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