Country size, economic performance and volatility
نویسندگان
چکیده
منابع مشابه
Macroeconomic Volatility and Economic Freedom: A Cross-Country Analysis
This paper examines the empirical relationship between business cycle volatility and economic freedom across countries. In a diverse sample of 85 countries, the results suggest a significantly negative relationship between volatility and a broad measure of freedom—even after controlling for other determinants of cross-country volatility and using an instrumental variables procedure to account f...
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Theory suggests that economic freedom—measured by the Economic Freedom of the World Index (EFW) -may increase or decrease economic volatility. Similar to previous literature, we empirically test the relationship between economic freedom and economic volatility, but we differ from the literature in how we account for (1) changes in EFW, and (2) the nonlinear relationship between freedom and vola...
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Big governments lead to lower levels of short-term economic growth. But is the size of this negative effect the same in different nations? I argue that big government matters less for growth in small countries than it does in large ones, because large countries are more dependent on domestic sources of production and consumption for their economic growth than are small countries. I find support...
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Businesses and households face substantial idiosyncratic and aggregate economic risk. As a general principle, economic risk for businesses reflects the myriad of factors that impact the profitability of the business, while for individuals economic risk reflects the myriad of factors that impact the earnings and employment outcomes of household members. While aggregate risk gets most of the head...
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Growth stability is an important objective—because development requires sustained increases in income, because volatility is costly for the poor, and because volatility deters growth. We study the determinants of average growth and its volatility as a two-equation system, and find that higher levels of democracy and diversification lower volatility, whereas volatility itself reduces growth. Mus...
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ژورنال
عنوان ژورنال: Revue de l'OFCE
سال: 2019
ISSN: 1265-9576,1777-5647
DOI: 10.3917/reof.164.0139