Lin, Shu-Chin; Kim, Dong-Hyeon - In: Empirical Economics 46 (2014) 1, pp. 43-63
This paper investigates the relationship between economic growth and growth volatility through simultaneous equations … volatility is detrimental to economic growth, suggesting that stabilization policies to mitigate short-run economic fluctuations … contribute to long-run economic growth. And economic growth accelerates output variability, supporting the feedback effects from …