Romero-Avila, Diego; ROMERO-ÁVILA, DIEGO; BARAÑANO, ILASKI - EcoMod Network - 2012
Cross-country differences in output persistence are well documented in the literature. Further, Fatás (2000) finds a strong positive correlation between the persistence of fluctuations and long-term average growth rates for a sample that includes the G7 countries and eight additional OECD...