Diversification Through Trade*

Caselli, Francesco; Koren, Miklós; Lisicky, Milan; Tenreyro, Silvana

doi:10.1093/qje/qjz028

Cited by 139 publications

(82 citation statements)

References 58 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…We clarify the conditions under which the conventional view does not apply. A similar effect has recently been observed by Caselli et al (2015) in the international trade context as well. Openness to international trade can lower GDP volatility when countryspecific shocks are the most important source of volatility.…”

Section: Introductionsupporting

confidence: 84%

Carbon Dating: When Is It Beneficial to Link ETSs?

Doda¹,

Taschini²

2017

Journal of the Association of Environmental and Resource Econom

View full text Add to dashboard Cite

We propose a theory of the economic advantage (EA) of regulating carbon emissions by linking two emissions trading systems versus operating them under autarky. Linking implies that permits issued in one system can be traded internationally for use in the other. We show how the nature of uncertainty, market sizes, and sunk costs of linking determine EA. Even when sunk costs are small so EA>0, autarky can be preferable to one partner, depending on jurisdiction characteristics. Moreover, one partner's permit price volatility under linking may increase without making linking the less preferred option. An empirical application calibrates jurisdiction characteristics to demonstrate the economic significance of our results which can make linking partner match crucial for the effectiveness and success of the Paris Agreement.

show abstract

Section: Introductionsupporting

confidence: 84%

Carbon Dating: When Is It Beneficial to Link ETSs?

Doda¹,

Taschini²

2017

Journal of the Association of Environmental and Resource Econom

View full text Add to dashboard Cite

show abstract

“…As in Herrendorf et al (2015) and many others, 7 country i's agricultural production function in year t is described by a Cobb-Douglas production function subject to constant returns to scale (CRS): 8 Previous articles employ various factors as inputs in addition to capital stock, employment, and land area. For example, Coelli and Rao (2005) include fertilizers and livestock as inputs in the agricultural production function.…”

Section: A the Methods Estimating Agricultural Tfpmentioning

confidence: 99%

“…For example,Caselli et al (2015) show that diversified sources of imports and export destinations reduce a country's income volatility 4 Amiti and Konings (2007). analyze the firm-level data from Indonesia.…”

mentioning

confidence: 99%

Importing Inputs for Climate Change Mitigation: The Case of Agricultural Productivity

et al. 2019

View full text Add to dashboard Cite

This paper estimates agricultural total factor productivity (TFP) in 162 countries between 1991 and 2015 and aims to understand sources of cross-country variations in agricultural TFP levels and its growth rates. Two factors affecting agricultural TFP are analyzed in detailimported intermediate inputs and climate. We first show that these two factors are independently important in explaining agricultural TFPimported inputs raise agricultural TFP; and higher temperatures and rainfall shortages impede TFP growth, particularly in low-income countries (LICs). We also provide a new evidence that, within LICs, those with a higher import component of intermediate inputs seem to be more shielded from the negative impacts of weather shocks.

show abstract

“…The result for 175 countries from 1950 to 2002 was consistent with the postulation: higher effect of external risk on volatility but less support for openness. Similarly, Caselli et al (2015) distinguished sector-and country-specific shocks after considering the existing argument on the volatility-increasing role of trade openness. According to their assessment, trade openness could reduce growth volatility if the main source of shock comes from the country-specific one.…”

Section: Empirical Evidence On Openness and Growth Volatility Relatiomentioning

confidence: 99%

Growth Volatility and Openness in Sub-Saharan Africa

Mekonnen¹,

Doğruel²

2017

mjecon

View full text Add to dashboard Cite

There is no a unique agreement regarding the impact of trade openness and financial openness on growth volatility. We carried out an empirical investigation using system GMM to assess the impact of openness on growth volatility in Sub-Saharan African. The analysis considered a panel of 29 countries from 1981 to 2010. According to our results, contrary to earlier findings, both trade and financial openness significantly reduce growth volatility in Sub-Saharan Africa. However, financial openness isn't found to be robust for different specifications. We further decomposed trade and financial openness. Trade in 'manufacturing goods' significantly reduce volatility in comparison to trade in 'nonmanufacturing goods'. A further decomposition of financial openness into FDI and portfolio flows does not reveal a significant effect on growth volatility.

show abstract

Diversification Through Trade*

Cited by 139 publications

References 58 publications

Carbon Dating: When Is It Beneficial to Link ETSs?

Carbon Dating: When Is It Beneficial to Link ETSs?

Importing Inputs for Climate Change Mitigation: The Case of Agricultural Productivity

Growth Volatility and Openness in Sub-Saharan Africa

Contact Info

Product

Resources

About