Output volatility and economic growth

被引:32
|
作者
Badinger, Harald [1 ]
机构
[1] Oesterreich Natl Bank, Econ Studies Div, A-1090 Vienna, Austria
关键词
Output volatility; Economic growth; Institutions; POLICY; LINK;
D O I
10.1016/j.econlet.2009.09.012
中图分类号
F [经济];
学科分类号
02 ;
摘要
This paper proposes a new instrument to identify the causal effect of output volatility on economic growth. which is based on (exogenous) volatility spillovers from abroad. Cross-section evidence from 128 countries points to a negative effect of volatility oil growth. (C) 2009 Elsevier B.V. All rights reserved.
引用
收藏
页码:15 / 18
页数:4
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