Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5061579 | Economics Letters | 2010 | 4 Pages |
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.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Harald Badinger,