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The Relationship between Output Variability and Growth: Evidence from Post War UK Data

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  • Caporale, Tony
  • McKiernan, Barbara

Abstract

This paper investigates the relationship between output variability and economic growth using a GARCH-M model with industrial production in postwar Great Britain. The data reveals a positive relationship between variability and growth rates. Copyright 1996 by Scottish Economic Society.

Suggested Citation

  • Caporale, Tony & McKiernan, Barbara, 1996. "The Relationship between Output Variability and Growth: Evidence from Post War UK Data," Scottish Journal of Political Economy, Scottish Economic Society, vol. 43(2), pages 229-236, May.
    • Handle: RePEc:bla:scotjp:v:43:y:1996:i:2:p:229-36
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