Volatility in the small and in the large: The lack of diversification in international trade

How does international trade affect the risk exposure of firms and countries? Trade induces specialization, thus increasing economies' exposure to idiosyncratic supply shocks. But greater geographic diversification in trade destinations offers natural hedging properties against demand shocks. I...

Ausführliche Beschreibung

Bibliographische Detailangaben

Veröffentlicht in:	Journal of international economics 2020-01, Vol.122, p.103276, Article 103276
Hauptverfasser:	Kramarz, Francis, Martin, Julien, Mejean, Isabelle
Format:	Artikel
Sprache:	eng
Schlagworte:	Economics and Finance Humanities and Social Sciences
Online-Zugang:	Volltext
Tags:	Tag hinzufügen Keine Tags, Fügen Sie den ersten Tag hinzu!