We show that countries that take on more international risk are rewarded with higher expected consumption growth …. International risk is defined as the beta of a country’s consumption growth with world consumption growth. High-beta countries hold … is negatively correlated with expected consumption growth. Therefore, uninsured shocks affect not only current growth …

Foreign aid’s effectiveness in promoting economic growth remains mired in controversy.We examine the impact of the … volatility of aid on economic growth, controlling for the level of aid. A four-year panel analysis is conducted encompassing 155 … economic growth. Correspondingly, volatility of aid flows is found to be negatively related to growth. We found no significant …

capital from traditional to modern firms. Despite the presence of a reverse precautionary saving channel, the growth rate …

This paper examines the declining volatility of U.S. output growth from a production perspective. At the aggregate … level, increased output stability reflects decreased volatility in both labor productivity growth and hours growth as well … input and total factor productivity (TFP) growth and the smaller covariance between them. This relationship suggests that …

Foreign aid’s effectiveness in promoting economic growth remains mired in controversy.We examine the impact of the … volatility of aid on economic growth, controlling for the level of aid. A four-year panel analysis is conducted encompassing 155 … economic growth. Correspondingly, volatility of aid flows is found to be negatively related to growth. We found no significant …

intermediation, on the one hand, and GDP per capita growth and growth volatility, on the other hand. Based on a sample of 77 … countries for the period 1980-2007, we find that intermediation activities increase growth and reduce volatility in the long run … time horizons a large financial sector stimulates growth at the cost of higher volatility in high-income countries …

high rates, its long-term growth has been disappointing. Behind this deficient long-term outcome, Brazil shows a high … growth volatility. It has experienced substantial growth booms and busts for international standards. These recurrent … episodes suggest that the persistent non-realization of Brazil's long-term growth potential and the mechanism by which growth …