relation: http://eprints.imtlucca.it/2804/
title: Big hits, export concentration and volatility
creator: Sufrauj, ShamnaazB.
creator: Schiavo, Stefano
creator: Riccaboni, Massimo
subject: HB Economic Theory
subject: HD28 Management. Industrial Management
description: 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.
publisher: Springer International Publishing
date: 2015
type: Article
type: PeerReviewed
identifier:   Sufrauj, ShamnaazB. and Schiavo, Stefano and Riccaboni, Massimo  Big hits, export concentration and volatility.  Economia Politica, 32 (2).  pp. 135-166.  ISSN 1973-820X      (2015)  
relation: http://dx.doi.org/10.1007/s40888-015-0014-y
relation: 10.1007/s40888-015-0014-y