Kose, M. Ayhan; Prasad, Eswar S.; Terrones, Marco E. - In: IMF Staff Papers 52 (2005), pp. 31-63
-sectional relationship between growth and macroeconomic volatility over the past four decades. We also document that while there has … generally been a negative relationship between volatility and growth during this period, the nature of this relationship has … after trade and financial liberalizations. In addition, our results show that volatility stemming from the main components …