arising from common shocks and network effects. Using monthly grain prices for 1740-1820 our analysis uncovers a secular … process of market disintegration in 221 prefectures of Qing China. Comparing our results with those for grain price panels …

county-level data for the 1953-1965 period on death rates, birth rates, amounts of grain procured, output of different types … of grain, crop productivity, weather conditions, distance to railways, and the number of Chinese Communist Party (CCP … for measuring output and consumption. The regression results suggest that increases in grain exports substantially …

-run demand shocks. In this setup, the volatility of a firm’s exports depends not only on the diversification of its destination … destinations makes the firm more likely to export occasionally to some markets, thereby raising volatility. These results cast … doubt on the commonly held belief that diversification must decrease volatility. …

post-September 2008 period. There are also volatility spillovers from stock market returns to equity fund flows both before …

This paper suggests how to quantify asymmetries in volatility spillovers that emerge due to bad and good volatility … stocks at the disaggregate level. Moreover, the spillovers of bad and good volatility are transmitted at different magnitudes …

offshoring plays for domestic volatility of employment. Offshoring is modeled as in Antràs & Helpman (2004), but we assume … has a pro-offshoring effect. And 2), under this same condition, offshoring increases volatility in domestic employment of … offshoring firms and the volatility of offshore employment of these same firms is larger than volatility of domestic employment. …

show that a greater reliance on foreign market sales increases the conditional volatility of firms' stock returns. The two … economically significant effect on firm-level volatility, although an increase in the intensity of sales through foreign affiliates … has a stronger effect on volatility than a similar change in firms' export intensity. We also uncover evidence consistent …

This paper applies volatility measures and VAR spectral analytic techniques to give a thorough description of the ….The central findings are summarized with regard to (i) national product share, contribution-to-variance and volatility …

response analysis. Second, we examine the announcements effects on market volatility in a more detailed fashion by … adequately analyze both conditional mean and volatility effects. …