Volatility and the Gains from Trade
收藏NBER2016-05-01 更新2025-01-04 收录
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https://www.nber.org/papers/w22276
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资源简介：
Trade liberalization changes the volatility of returns by reducing the negative correlation between local prices and productivity shocks. In this paper, we explore these second moment effects of trade. Using forty years of agricultural micro-data from India, we show that falling trade costs due to
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美国国家经济研究局创建时间：
2016-05-01
