Explanatory variables

Dependent variable^(a)

Import volatility

2008-2010

Export volatility

2008-2010

Narrow offshoring^(b)

0.0444

(0.0128)^***

0.0443

(0.0127)^***

0.0805

(0.0125)^***

0.0175

(0.0194)

0.0238

(0.0184)

0.0771

(0.0174)^***

Imported inputs over total imports^(b)

−0.0241

(0.0136)^*

0.0673

(0.0196)^***

0.0274

(0.0184)

Inputs over production

0.0554

(0.0253)^**

0.1016

(0.0248)^***

0.1375

(0.0266)^***

0.1078

(0.0367)^***

0.1488

(0.0343)^***

0.0814

(0.0370)^**

0.1563

(0.0361)^***

Import value^(b)

8.39e−07

(3.25e07)^**

4.62e−07

(2.53e−07)^*

2.81e−07

(2.64e−07)

2.16e−06

(4.73e07)^***

1.34e−06

(3.52e−07^***

1.99e−06

(4.69e−07)^***

1.20e−06

(3.57e−07)^***

Dummy EU-15

−0.0035

(0.0043)

−0.0055

(0.0045)

−0.0019

(0.0060)

−0.0032

(0.0062)

Country dummy

yes

yes

no

no

yes

yes

no

yes

no

Sector dummy

yes

yes

yes

yes

yes

yes

yes

yes

yes

No. observations

434

432

432

432

433

431

431

431

431

R²

0.6997

0.7101

0.6130

0.5771

0.4929

0.5393

0.4386

0.5511

0.4146