. On the basis of observed growth in sectoral value-added output, we calculate for each state the efficient frontier for … primarily from convergence in the volatility of state output growth, rather than in its average. The realized industry shares of …

We show that the volatility of a price process, which is usuallyregarded as an impediment to financial growth, can serve …

ergeben sich aus dem Wirtschaftswachstum und manifestieren sich in der erweiterten Fiskalbasis... …