Volatility and Growth

The authors study the empirical, cross-country relationship between macroeconomic volatility and long-run economic growth. They address four central questions: 1) Does the volatility-growth link depend on country and policy characteristics, such as...

Full description

Bibliographic Details
Main Authors:	Hnatkovska, Viktoria, Loayza, Norman
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2013
Subjects:	ACCOUNTING AVERAGE GROWTH AVERAGE GROWTH RATE AVERAGE INCOME BUSINESS CYCLE BUSINESS CYCLES CAPITAL INVESTMENT CAUSAL EFFECT CAUSAL IMPACT COUNTRY AVERAGES COUNTRY CHARACTERISTICS COUNTRY DATA DEPENDENT VARIABLE DEVELOPED COUNTRIES DEVELOPING COUNTRIES DEVELOPMENT COUNTRIES DOMESTIC CREDIT ECONOMIC CRISES ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIES IN TRANSITION EMPIRICAL EVIDENCE EMPIRICAL GROWTH LITERATURE EMPIRICAL LITERATURE EMPIRICAL MODELS EMPIRICAL REGULARITIES EMPIRICAL RESULTS ERROR TERM ESTIMATION RESULTS EXCHANGE RATE MISALIGNMENT EXPLANATORY VARIABLES FINANCIAL DEPTH FINANCIAL DEVELOPMENT FINANCIAL MARKETS FINANCIAL SYSTEMS FISCAL CONSTRAINTS FISCAL POLICIES FISCAL POLICY GROWTH DETERMINANTS GROWTH EFFECT GROWTH LITERATURE GROWTH PERFORMANCE GROWTH PROCESS GROWTH RATE GROWTH RATES GROWTH REGRESSION GROWTH REGRESSIONS HIGH INCOME HUMAN CAPITAL INCOME LEVELS INFLATION INFLATION RATE INSTITUTIONAL WEAKNESSES INSURANCE INTERNATIONAL TRADE LONG-RUN GROWTH LONG-RUN IMPACT LOW-INCOME COUNTRIES MACROECONOMIC INSTABILITY MACROECONOMIC SHOCKS MACROECONOMIC STABILIZATION MEAN GROWTH NEGATIVE EFFECT NEGATIVE IMPACT 0 HYPOTHESIS OUTPUT OUTPUT GAP OUTPUT VOLATILITY PER CAPITA INCOME POOR COUNTRIES PURCHASING POWER REAL EXCHANGE RATE RECESSIONS RICH COUNTRIES RULE OF LAW SIGNIFICANT EFFECT STABILIZATION POLICIES STANDARD DEVIATION STANDARD GROWTH DETERMINANTS STRUCTURAL CHARACTERISTICS SYSTEMIC BANKING CRISES TERMS OF TRADE TRADE OPENNESS TRADE SHOCKS TRANSITIONAL CONVERGENCE
Online Access:	http://documents.worldbank.org/curated/en/2004/01/2877484/volatility-growth http://hdl.handle.net/10986/13853

Internet

http://documents.worldbank.org/curated/en/2004/01/2877484/volatility-growth
http://hdl.handle.net/10986/13853

Volatility and Growth

Internet

Similar Items