Volatility and growth: a not so straightforward relationship

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

[img] Text
12281_Bakas.pdf - Post-print
Full-text access embargoed until 5 December 2020.

Download (1MB)

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:
NumberType
10.1093/oep/gpy065DOI
Divisions: Schools > Nottingham Business School
Record created by: Linda Sullivan
Date Added: 12 Nov 2018 09:20
Last Modified: 24 Sep 2019 11:00
URI: http://irep.ntu.ac.uk/id/eprint/34902

Actions (login required)

Edit View Edit View

Views

Views per month over past year

Downloads

Downloads per month over past year