This paper models the relationship between growth and volatility for G7 economies in the time period 1960-2009. It … in mean (log-GARCH-M) models, the class of time series models previously used in the literature to estimate the growth-volatility … volatility on output growth, which is not taken into account by log-GARCH-M models. …

This paper studies how financial development affects the relation between average growth and growth volatility through … liquidity crises. Then with this mechanism, we show in a macro framework that the relation between average growth and growth … volatility is more likely to be negative in developing countries, but more likely to be positive in developed economies. Finally …

through which upstream sector anticompetitive regulations may impact productivity growth: business investments in R&D and in …, management and organization. For this, we specify an extended production function relating productivity explicitly to R&D and ICT … productivity can be sizeable, and they provide evidence that a good part of the total impact, though not a predominant one, goes …

delay with the US, from the possible ICT productivity growth second wave. … from a productivity acceleration linked to a catch-up of the US ICT diffusion level. And they could benefit, without any …

The paper focuses on the influence of upstream competition for productivity outcomes in downstream sectors. This …. Thus, lack of competition in upstream markets curbs incentives to improve productivity downstream, negatively affecting … productivity outcomes. We test this prediction by estimating an error correction model that differentiates the potential downstream …

legislation on growth. It exploits macro-panel data for OECD countries. For countries close to the technological frontier …, education and rigidities are significantly related to TFP growth. The contribution of the interaction between product market …

, entrepreneurs, and a central bank. Entrepreneurs receive private signals about the productivity of the new technology and borrow … technology if and only if they receive an encouraging private signal about its productivity. In doing so, it makes their …

match output growth, changes in inflation and the ex post real interest rate. Our main results are: (i) inflation target …