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Output volatility and economic growth

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  • Badinger, Harald

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.

Suggested Citation

  • Badinger, Harald, 2010. "Output volatility and economic growth," Economics Letters, Elsevier, vol. 106(1), pages 15-18, January.
    • Handle: RePEc:eee:ecolet:v:106:y:2010:i:1:p:15-18
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    References listed on IDEAS

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