The Effects of Economic and Political Development on GDP Growth Volatility

被引:3
|
作者
Edwards, Jeffrey A. [1 ]
Thames, Frank C. [2 ]
机构
[1] North Carolina A&T State Univ, Greensboro, NC 27405 USA
[2] Texas Tech Univ, Lubbock, TX 79409 USA
来源
GLOBAL ECONOMY JOURNAL | 2009年 / 9卷 / 02期
关键词
growth volatility; economic development; political development; GMM;
D O I
10.2202/1524-5861.1452
中图分类号
F [经济];
学科分类号
02 ;
摘要
The existing literature argues that both higher levels of political and economic development can dampen real GDP growth volatility. The problem, however, is that both forms of development are thought to be highly correlated. Using a dataset of 94 countries, we address this problem and find that not only does economic and political development have non-linear relationships with volatility, but that the effect of the former is more substantively significant than that of political development after a certain level of development is attained.
引用
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页数:32
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