Output volatility and economic growth

Harald Badinger

Economics Letters, 2010, vol. 106, issue 1, 15-18

Abstract: This paper proposes a new instrument to identify the causal effect of output volatility on economic growth, which is based on (exogenous) volatility spillovers from abroad. Cross-section evidence from 128 countries points to a negative effect of volatility on growth.

Keywords: Output; volatility; Economic; growth; Institutions (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (50)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:106:y:2010:i:1:p:15-18

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