Volatility and growth: a not so straightforward relationship

Bakas, D ORCID: https://orcid.org/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

Preview

Text 12281_Bakas.pdf - Post-print Download (1MB) | Preview

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:	Number Type 10.1093/oep/gpy065 DOI
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

Actions (login required)

Edit View

Statistics

Views

Downloads