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Bakas, D. 
ORCID: 0000-0003-4771-4505, Chortareas, G. and Magkonis, G.,
2019.
Volatility and growth: a not so straightforward relationship.
Oxford Economic Papers, 71: 4, pp. 874-907.
ISSN 0030-7653
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Abstract
Conflicting theoretical models and diverse empirical evidence characterize research analysing the relationship between business cycle volatility and economic growth. While the average reported effect of volatility on growth is negative, the empirical estimates vary substantially across studies. We identify the factors that explain this heterogeneity in estimates by conducting a meta-analysis. Our evidence suggests that researchers’ choices regarding the measure of volatility, the control set of the estimated equation, the estimation methods, and the data characteristics can all explain the differences in the reported estimates. Finally, the literature is found to be free of publication bias.
| Item Type: | Journal article | ||||
|---|---|---|---|---|---|
| Publication Title: | Oxford Economic Papers | ||||
| Creators: | Bakas, D., Chortareas, G. and Magkonis, G. | ||||
| Publisher: | Oxford University Press | ||||
| Date: | October 2019 | ||||
| Volume: | 71 | ||||
| ISSN: | 0030-7653 | ||||
| Identifiers: |
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| Divisions: | Schools > Nottingham Business School | ||||
| Record created by: | Linda Sullivan | ||||
| Date Added: | 12 Nov 2018 09:20 | ||||
| Last Modified: | 31 May 2021 15:12 | ||||
| URI: | https://irep.ntu.ac.uk/id/eprint/34902 |
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