The Relationship between Output Variability and Growth: Evidence from Post War UK Data

Tony Caporale () and Barbara McKiernan

Scottish Journal of Political Economy, 1996, vol. 43, issue 2, 229-36

Abstract: This paper investigates the relationship between output variability and economic growth using a GARCH-M model with industrial production in postwar Great Britain. The data reveals a positive relationship between variability and growth rates. Copyright 1996 by Scottish Economic Society.

Date: 1996
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Persistent link: https://EconPapers.repec.org/RePEc:bla:scotjp:v:43:y:1996:i:2:p:229-36

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Scottish Journal of Political Economy is currently edited by Tim Barmby, Andrew Hughes-Hallett and Campbell Leith

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