Raju, Y. N.; Acharya, Debashis - In: Cogent economics & finance 8 (2020) 1, pp. 1-23
This paper attempts a re-examination of the relationship between the output volatility and economic growth using an … integrated (HFI) and low financially integrated (LFI) country groups. Overall, the results indicate that output volatility as a … proxy of macroeconomic volatility has negative effect on economic growth. The results appear to be stronger when we include …