Fatma P. Erdem, Stefan C. Norrbin

Reevaluating the Link between Volatility and Growth of Output

The Robustness of the Link

• Broschiertes Buch

Produktbeschreibung

Until the 1980s, short-run economic fluctuations and
growth were viewed as separate processes. However,
recent studies suggest that short-run fluctuations
might influence the growth. This new view supports
the existence of a link between volatility and growth
of output, which is important for policy makers as
high economic growth and reducing business cycle
volatility might either be viewed as complementary
policy goals or as tradeoffs.
This book aims to provide a better understanding of
the link between volatility and growth. The link is
examined using three samples of countries over
different time periods. The robustness of the link to
different choices of time and samples is tested but
we fail to find a robust link. Therefore, an
alternative method is used that allows volatility and
growth to vary over time. The estimations with the
alternative method give a strong negative link
between volatility and growth. This finding is
important for policy makers, as a policy that reduces
business cycle volatility, is also helpful for
increasing long run growth. This book appeals to
students, professors and researchers who are
interested in economic growth and applied
macroeconomics.

Produktdetails

• Verlag: VDM Verlag Dr. Müller
• Seitenzahl: 92
• Englisch
• Gewicht: 145g
• ISBN-13: 9783639123869
• ISBN-10: 3639123867
• Artikelnr.: 26044204

Autorenporträt

Fatma Pinar Erdem: MS in Economics, Florida State University.
She works at the Central Bank of Turkey and is a PhD student at
Middle East Technical University.
Dr.Stefan Norrbin: Professor of Economics at Florida State
University. His fields of specialization are International
Finance and Trade, Applied Macroeconomics and Applied Econometrics.