eprintid: 2804
rev_number: 6
eprint_status: archive
userid: 69
dir: disk0/00/00/28/04
datestamp: 2015-11-02 14:47:45
lastmod: 2015-11-02 14:47:45
status_changed: 2015-11-02 14:47:45
type: article
metadata_visibility: show
creators_name: Sufrauj, ShamnaazB.
creators_name: Schiavo, Stefano
creators_name: Riccaboni, Massimo
creators_id: 
creators_id: 
creators_id: massimo.riccaboni@imtlucca.it
title: Big hits, export concentration and volatility
ispublished: pub
subjects: HB
subjects: HD28
divisions: EIC
full_text_status: none
keywords: Big hits; Trade networks; Export concentration; Industrial policy; Volatility of trade. JEL Codes: F13; F14; F43; O19
abstract: 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.
date: 2015
date_type: published
publication: Economia Politica
volume: 32
number: 2
publisher: Springer International Publishing
pagerange: 135-166
id_number: 10.1007/s40888-015-0014-y
refereed: TRUE
issn: 1973-820X
official_url: http://dx.doi.org/10.1007/s40888-015-0014-y
citation:   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)