Recent empirical work has documented the high concentration of trade flows, and the large role played by few “big hits” in each country’s export. We propose a simple stochastic benchmark against which we assess each economy’s actual number of “big hits”. We show that most European countries underperform the benchmark, while China, the US and Germany do better. A low number of “big hits” (relative to our prediction) is associated with higher export volatility. Looking at possible determinants of “big hits”, we find they depend on the actual performance of each country, so that industrial policy needs to be country-specific.
Big hits, export concentration and volatility / Sufrauj, Shamnaaz Begum; Schiavo, Stefano; Riccaboni, Massimo. - In: ECONOMIA POLITICA. - ISSN 1120-2890. - STAMPA. - 32:2(2015), pp. 135-166. [10.1007/s40888-015-0014-y]
Titolo: | Big hits, export concentration and volatility | |
Autori: | Sufrauj, Shamnaaz Begum; Schiavo, Stefano; Riccaboni, Massimo | |
Autori Unitn: | ||
Titolo del periodico: | ECONOMIA POLITICA | |
Anno di pubblicazione: | 2015 | |
Numero e parte del fascicolo: | 2 | |
Codice identificativo Scopus: | 2-s2.0-84938070073 | |
Codice identificativo WOS: | WOS:000358525800001 | |
Digital Object Identifier (DOI): | http://dx.doi.org/10.1007/s40888-015-0014-y | |
Handle: | http://hdl.handle.net/11572/142005 | |
Citazione: | Big hits, export concentration and volatility / Sufrauj, Shamnaaz Begum; Schiavo, Stefano; Riccaboni, Massimo. - In: ECONOMIA POLITICA. - ISSN 1120-2890. - STAMPA. - 32:2(2015), pp. 135-166. [10.1007/s40888-015-0014-y] | |
Appare nelle tipologie: | 03.1 Articolo su rivista (Journal article) |
File in questo prodotto:
File | Descrizione | Tipologia | Licenza | |
---|---|---|---|---|
BH_blind_EcPol_Rev2_FINAL.pdf | Post-print referato (Refereed author’s manuscript) | Tutti i diritti riservati (All rights reserved) | Administrator | |
BigHIts.pdf | Versione editoriale | Versione editoriale (Publisher’s layout) | Tutti i diritti riservati (All rights reserved) | Administrator |