Globalisation, Instability and Economic Insecturity

Ajit Singh and Sonja Fagernäs ()

Working Papers from Centre for Business Research, University of Cambridge

Abstract: This paper documents and analyses the volatility of economic growth in rich and poor countries. It concludes that whereas volatility has declined almost universally in advanced countries, the picture is more mixed for developing countries. The paper then concentrates on the case of India, where GDP volatility has declined over the past two decades. The evidence shows that the move away from agriculture has stabilised the economy. Increased financial depth and more favourable developments in terms of trade have had a similar effect. Finally, the paper discusses the relationship between economic instability and insecurity at a general level.

Keywords: Volatility; GDP growth; globalisation (search for similar items in EconPapers)
JEL-codes: F01 (search for similar items in EconPapers)
Date: 2006-06
New Economics Papers: this item is included in nep-cwa and nep-fdg
Note: PRO-2
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Persistent link: https://EconPapers.repec.org/RePEc:cbr:cbrwps:wp328

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