Output volatility and economic growth

被引:36
作者
Badinger, Harald [1 ]
机构
[1] Oesterreich Natl Bank, Econ Studies Div, A-1090 Vienna, Austria
关键词
Output volatility; Economic growth; Institutions; POLICY; LINK;
D O I
10.1016/j.econlet.2009.09.012
中图分类号
F [经济];
学科分类号
02 ;
摘要
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 oil growth. (C) 2009 Elsevier B.V. All rights reserved.
引用
收藏
页码:15 / 18
页数:4
相关论文
共 21 条
[1]   Institutional causes, macroeconomic symptoms: volatility, crises and growth [J].
Acemoglu, D ;
Johnson, S ;
Robinson, J ;
Thaicharoen, Y .
JOURNAL OF MONETARY ECONOMICS, 2003, 50 (01) :49-123
[2]   Joseph Schumpeter Lecture - Appropriate growth policy: A unifying framework [J].
Aghion, Philippe ;
Howitt, Peter .
JOURNAL OF THE EUROPEAN ECONOMIC ASSOCIATION, 2006, 4 (2-3) :269-314
[3]  
[Anonymous], 2001, Econometric Analysis of Cross Section and Panel Data
[4]  
CABALLERO R, 1991, AM ECON REV, V84, P1350
[5]  
Clair Godefroy., 2004, NOTES CEPIIS DISTANC
[6]  
DOPKE J, 2004, INT REV APPL EC, V1, P1
[7]  
Easterly William., 2005, HDB EC GROWTH, V1A, P1015
[8]   The case for restricting fiscal policy discretion [J].
Fatás, A ;
Mihov, I .
QUARTERLY JOURNAL OF ECONOMICS, 2003, 118 (04) :1419-1447
[9]  
FATAS A, 2009, POLICY VOLATILITY I
[10]   Does trade cause growth? [J].
Frankel, JA ;
Romer, D .
AMERICAN ECONOMIC REVIEW, 1999, 89 (03) :379-399