This paper documents large cross-country differences in the long run volatility of the real exchange rate. In … exchange rate in industrial countries. The paper tests whether this difference in volatility can be explained by the fact that … the difference in RER volatility between developing and industrial countries. Results from ARCH estimations confirm that …

time-series volatility of productivity are also characterized by greater cross-sectional dispersion in productivity …. Volatility in TFP explains one quarter to one third of cross-country productivity dispersion. We document a similar relationship … between productivity volatility and the dispersion of the marginal revenue product of capital (static capital misallocation …

growth and volatility in developing countries. The results suggest that it is difficult to establish a robust causal …

volatility, and discusses steps to facilitate the creation of these markets …

This study uncovers a statistically significant negative correlation between volatility and private investment over the … volatility measures related to domestic policies or to external factors. As the various volatility measures tend to be positively … correlated, we do not claim to identify a unique measure as the dominant source of volatility. Instead, we demonstrate that for a …

Poor countries are more volatile than rich countries, and we know this volatility impedes their growth. We also know … that commodity price volatility is a key source of those shocks. This paper explores commodity and manufactures price over … the past three centuries to answer three questions: Has commodity price volatility increased over time? The answer is no …

the correlation between volatility and investment in a set of developing countries. We uncover a statistically significant … negative correlation between various volatility measures and private investment, even when adding the standard control …. Indeed, public investment spending is positively correlated with some measures of volatility. We also use the new World Bank …