volatility of state output growth, rather than in its average. The realized industry shares of output also converge faster to …

primarily from convergence in the volatility of state output growth, rather than in its average. The realized industry shares of …

I revisit the relationship between growth and volatility in two different disaggregated datasets. I confirm that growth … and volatility are negatively related across countries, but show that the relation reverses itself across sectors. This … aggregate volatility that is common across sectors that correlates negatively with aggregate growth. Furthermore, while …