کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5053638 1371457 2016 14 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Economic growth, volatility, and cross-country spillovers: New evidence for the G7 countries
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Economic growth, volatility, and cross-country spillovers: New evidence for the G7 countries
چکیده انگلیسی
This study examines the linkages between output growth and output volatility in the G7 countries over the period 1958M2-2013M8. Using the VAR-based spillover index approach by Diebold and Yilmaz (2012) we find that: i) output growth and volatility are highly intertwined; ii) spillovers have reached unprecedented levels during the global financial crisis; and iii) the US has been the largest transmitter of growth and volatility shocks. Generalized impulse response analyses suggest moderate growth spillovers and sizable volatility spillovers across countries. Cross-variable effects indicate that volatility shocks lead to lower growth, while growth shocks reduce output volatility.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Economic Modelling - Volume 52, Part B, January 2016, Pages 352-365
نویسندگان
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