The link between economic growth and growth volatility
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Lin, Shu-Chin | - |
dc.contributor.author | Kim, Dong-Hyeon | - |
dc.date.accessioned | 2021-09-05T11:35:45Z | - |
dc.date.available | 2021-09-05T11:35:45Z | - |
dc.date.created | 2021-06-15 | - |
dc.date.issued | 2014-02 | - |
dc.identifier.issn | 0377-7332 | - |
dc.identifier.uri | https://scholar.korea.ac.kr/handle/2021.sw.korea/99356 | - |
dc.description.abstract | This paper investigates the relationship between economic growth and growth volatility through simultaneous equations system. By employing the identification through heteroskedasticity method of Rigobon (Rev Econ Stat 85:777-792, 2003) and using a panel of 158 countries over the period 1960-2010, we find that output volatility is detrimental to economic growth, suggesting that stabilization policies to mitigate short-run economic fluctuations contribute to long-run economic growth. And economic growth accelerates output variability, supporting the feedback effects from growth to the volatility. The evidence is robust to a number of sensitivity tests. | - |
dc.language | English | - |
dc.language.iso | en | - |
dc.publisher | PHYSICA-VERLAG GMBH & CO | - |
dc.subject | CROSS-COUNTRY EVIDENCE | - |
dc.subject | LONG-RUN GROWTH | - |
dc.subject | OUTPUT GROWTH | - |
dc.subject | MONETARY-POLICY | - |
dc.subject | STOCK-MARKET | - |
dc.subject | UNCERTAINTY | - |
dc.subject | INFLATION | - |
dc.subject | INSTITUTIONS | - |
dc.subject | IDENTIFICATION | - |
dc.subject | VARIABILITY | - |
dc.title | The link between economic growth and growth volatility | - |
dc.type | Article | - |
dc.contributor.affiliatedAuthor | Kim, Dong-Hyeon | - |
dc.identifier.doi | 10.1007/s00181-013-0680-y | - |
dc.identifier.scopusid | 2-s2.0-85027917858 | - |
dc.identifier.wosid | 000330993200003 | - |
dc.identifier.bibliographicCitation | EMPIRICAL ECONOMICS, v.46, no.1, pp.43 - 63 | - |
dc.relation.isPartOf | EMPIRICAL ECONOMICS | - |
dc.citation.title | EMPIRICAL ECONOMICS | - |
dc.citation.volume | 46 | - |
dc.citation.number | 1 | - |
dc.citation.startPage | 43 | - |
dc.citation.endPage | 63 | - |
dc.type.rims | ART | - |
dc.type.docType | Article | - |
dc.description.journalClass | 1 | - |
dc.description.journalRegisteredClass | ssci | - |
dc.description.journalRegisteredClass | scopus | - |
dc.relation.journalResearchArea | Business & Economics | - |
dc.relation.journalResearchArea | Mathematical Methods In Social Sciences | - |
dc.relation.journalWebOfScienceCategory | Economics | - |
dc.relation.journalWebOfScienceCategory | Social Sciences, Mathematical Methods | - |
dc.subject.keywordPlus | CROSS-COUNTRY EVIDENCE | - |
dc.subject.keywordPlus | LONG-RUN GROWTH | - |
dc.subject.keywordPlus | OUTPUT GROWTH | - |
dc.subject.keywordPlus | MONETARY-POLICY | - |
dc.subject.keywordPlus | STOCK-MARKET | - |
dc.subject.keywordPlus | UNCERTAINTY | - |
dc.subject.keywordPlus | INFLATION | - |
dc.subject.keywordPlus | INSTITUTIONS | - |
dc.subject.keywordPlus | IDENTIFICATION | - |
dc.subject.keywordPlus | VARIABILITY | - |
dc.subject.keywordAuthor | Economic growth | - |
dc.subject.keywordAuthor | Growth volatility | - |
dc.subject.keywordAuthor | Simultaneous equations models | - |
dc.subject.keywordAuthor | Identification through heteroskedasticity | - |
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