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volatility of growth at inter and intra state level and analyze the factors causing such disturbance in growth. …
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volatility for seventy countries between 1960 and 2002. Two types of analysis are performed; a cross-sectional analysis based on …. The cross-sectional and panel estimation results are markedly different. In the first case, there seems to be a mutual … relationship between inequality and volatility across countries, but several significant coefficients have illogical signs. In the …
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This study applies wavelet coherency analysis to explore the relationship between the U.S. economic growth volatility … between output volatility during positive and negative growth scenarios. Wavelet analysis simultaneously examines the … correlation between the volatility and inequality across high (short-run)- and low-frequencies (long-run). The direction of …
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Recently, Fagiolo et al. (2008) find fat tails of economic growth rates after adjusting for outliers, autocorrelation, and heteroskedasticity. This paper employs US quarterly real output growth, showing that this finding of fat tails may reflect the Great Moderation. That is, leptokurtosis...
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