volatility in developing and transition economies, using dynamic panel technique. According to an analysis of variance and … expenditures, consumption and GDP volatilities are the major determinants of macroeconomic volatility. The most influential …

paper offers a solution to this disagreement, suggesting that volatility carries a positive direct effect, but also a … volatility is then ambiguous. The paper reveals the underlying endogeneity of government size in a balanced panel of 95 countries … increase of volatility lowers growth by up to 0.57 percentage points in a democracy, but raises growth by 1.74 percentage …