Measuring the Dissemination of Volatility across Levels of Development

Jeffrey Edwards, Thames Frank C. () and Edwards Martin S. ()
Additional contact information
Thames Frank C.: Texas Tech University
Edwards Martin S.: Seton Hall University

The B.E. Journal of Macroeconomics, 2006, vol. 6, issue 2, 40

Abstract: Using levels of democratic development as a proxy for economic development, and using a 2SLS GMM dynamic panel estimation methodology, we investigate the degree and direction of dissemination in the volatility of economic growth. Our findings indicate two essential points. First, there are differences along the democratic continuum of the ability of a country's economic growth volatility to affect other countries. Thus, an economic recession for example in one country, does not affect all countries equally across regime type. Second, growth volatility is not simply a North-South phenomenon, but a South-South phenomenon as well. In fact, the empirical patterns found here call into question the usefulness of relying on even these simple, dichotomous views of the world.

Keywords: volatility; growth; GMM system (search for similar items in EconPapers)
Date: 2006
References: View complete reference list from CitEc
Citations: View citations in EconPapers (5)

Downloads: (external link)
https://doi.org/10.2202/1534-5998.1458 (text/html)
For access to full text, subscription to the journal or payment for the individual article is required.

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:bpj:bejmac:v:topics.6:y:2006:i:2:n:15

Ordering information: This journal article can be ordered from
https://www.degruyter.com/journal/key/bejm/html

DOI: 10.2202/1534-5998.1458

Access Statistics for this article

The B.E. Journal of Macroeconomics is currently edited by Arpad Abraham and Tiago Cavalcanti

More articles in The B.E. Journal of Macroeconomics from De Gruyter
Bibliographic data for series maintained by Peter Golla ().