We provide a unified framework for quantifying the cross country and cross-sector interactions among trade, innovation …, and knowledge diffusion. We study the effect of trade liberalization in a multi-country, multi-sector endogenous growth … trade costs induces a re-allocation of comparative advantage in production and innovation across sectors, which translates …

We study the effects of crude oil price shocks on the stock market volatility of the G7 economies. We rely on a … oil demand innovations have on financial volatility. We show that stock market volatility does not respond to oil supply …

We study the impact of oil price shocks on US stock market volatility. We derive three different structural oil shock … variables (i.e. aggregate demand, oil-supply, and oil-demand shocks) and relate them to stock market volatility, using bivariate … stock market volatility only with delay. This implies that innovations to the price of crude oil are not strictly exogenous …