of volatility, any variable that influences innovation directly affects volatility and growth. This joint endogeneity is … illustrated by working out the effects through which economies with different tax levels differ in their volatility and growth … process. We obtain analytical measures of macro volatility based on cyclical output and on output growth rates for plausible …

This paper analyses the effects in terms of size and volatility of government revenue and spending on growth in OECD … taxes (size and volatility); ii) social contributions (size and volatility); iii) government consumption (size and … volatility); iv) subsidies (size); and v) government investment (volatility) have a sizeable, negative and statistically …

This paper analyses the effects in terms of size and volatility of government revenue and spending on growth in OECD … taxes (size and volatility); ii) social contributions (size and volatility); iii) government consumption (size and … volatility); iv) subsidies (size); and v) government investment (volatility) have a sizeable, negative and statistically …

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 …