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
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: O11 O40 C14 C21 (search for similar items in EconPapers)
Note: ISSN 2039-1854
References: Add references at CitEc
Citations: View citations in EconPapers (20) Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
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 ().