Botsaris, Charalampos; Tsagkanos, Athanasios - In: Applied Economics Letters 14 (2007) 1, pp. 65-69
The paper reports an investigation of the relationship between business-cycle volatility and economic growth in the European Union before (EU-15) and after broadening (EU-25) using cross-sectional models. Results based on the superiority of the pseudo-likelihood ratio test as a more reliable...