Technical Appendix to accompany Trade Openness Reduces Growth Volatility When Countries Are Well Diversified∗

In this Technical Appendix, we report additional summary statistics and a sequence of robustness checks for the above-referenced paper. In the interest of saving space, and noting that the results based on the 5-product and 10-product indicators typically very similar, we report only regressions based on the Herfindahl and 5-product indices. We discuss differences between the 5-product and 10-product estimators when they arise, and results based on the 10 product indicator are available upon request. In general, and unless otherwise indicated, results based on the Herfindahl index are reported in odd numbered columns, and results based on the 5 product index are reported in even numbered columns. ∗The findings, interpretations, and conclusions expressed in this article are entirely those of the authors. They do not necessarily reflect the views of the European Central Bank, the International Monetary Fund or the World Bank