This paper presents estimates of the effects that terms of trade volatility has on growth of real gross domestic … that: (i) in model specifications that do not include country fixed effects, terms of trade volatility has a significant … terms of trade volatility on economic growth is not significantly different from zero; (iii) robust to the inclusion of …

. Although the existing techniques provide a range of tools to study the nature of growth and volatility time series, these … growth and volatility. These techniques lend themselves to a more robust analysis of short-term and long-term determinants of … growth and volatility than the traditional decomposition techniques, as demonstrated on a small sample of countries. In …

This paper adds to aid volatility literature in three ways: First it tests the validity of the aid volatility and … growth relationship from various aspects: across different time horizons, by sources of aid, and by aid volatility …. Third, when examining the relationship between International Development Association aid volatility and growth, it isolates …

transfers to mitigate volatility. The paper outlines ways in which the International Development Association could use hedging …

Although there is wide recognition of the negative consequences of policy volatility for countries' long-term economic … growth, there is limited empirical work on this subject. One of the reasons is the difficulty of measuring policy volatility … proxy for policy volatility that exploits the information content of the priorities conveyed in presidential speeches. The …

This paper examines how the ability to access long-term debt affects firm-level growth volatility. The analysis finds … growth volatility in countries with better-developed financial systems, as these firms may benefit from reduced refinancing … risk and therefore growth volatility associated with short-term financing. Increased availability of long-term finance …