On the Determinants of Growth Volatility: a Nonparametric Approach

Davide Fiaschi and Andrea Lavezzi

Discussion Papers from Dipartimento di Economia e Management (DEM), University of Pisa, Pisa, Italy

Abstract: We propose a model where the growth rate volatility of a country is explained by structural change and the size of the economy. We test these predictions by means of nonparametric techniques. Growth volatility appears to (i) decrease with total GDP, (ii) increase with the share of the agricultural sector on GDP. Trade openness can also play a role in conjunction with total GDP. In accordance with our model, the explanatory power of per capita GDP, a relevant variable in other empirical works, vanishes when we control for these variables.

Keywords: growth volatility; structural change; nonparametric methods (search for similar items in EconPapers)
JEL-codes: C14 C21 O11 O40 (search for similar items in EconPapers)
Date: 2003-01-01
Note: ISSN 2039-1854
References: Add references at CitEc
Citations: View citations in EconPapers (23)

Downloads: (external link)
https://www.ec.unipi.it/documents/Ricerca/papers/2003-25.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pie:dsedps:2003/25

Access Statistics for this paper

More papers in Discussion Papers from Dipartimento di Economia e Management (DEM), University of Pisa, Pisa, Italy Contact information at EDIRC.
Bibliographic data for series maintained by ().