Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/159144 
Year of Publication: 
1997
Series/Report no.: 
Quaderni - Working Paper DSE No. 301
Publisher: 
Alma Mater Studiorum - Università di Bologna, Dipartimento di Scienze Economiche (DSE), Bologna
Abstract: 
Are asymmetric shocks to output less important for industries which are more open to trade and more technology-intensive? Our results, obtained from a correlation analysis between growth rates of value added in thirteen manufacturing industries in eleven European countries between 1979 and 1990, clearly support the hypothesis. This finding suggests that policies which promote trade and technological innovation may help to decrease the importance of the asymmetric components of the business cycle within European countries.
Persistent Identifier of the first edition: 
Creative Commons License: 
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Document Type: 
Working Paper

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