Variations in output volatility: Evidence from international historical data

Bruno Ćorić

Economics Letters, 2019, vol. 178, issue C, 102-105

Abstract: The paper investigates variations in output volatility in 38 OECD and non OECD countries over the last two centuries. Our tests reveal significant structural changes in output volatility in all countries. A more than 70% of detected structural changes indicates a reduction in volatility suggesting that output volatility has been declining over the last two centuries in general. The results, however, reveal different patterns of output volatility across countries.

Keywords: Output volatility; Structural changes; Historical analysis (search for similar items in EconPapers)
JEL-codes: E3 N10 (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:178:y:2019:i:c:p:102-105

DOI: 10.1016/j.econlet.2019.03.008

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