export-orientated growth. We use a small open economy DSGE model with a tradable and a non-tradable sector to examine this … the Irish recovery is mostly export-driven with structural reforms playing a very minor role in stimulating growth in the …

export-orientated growth. We use a small open economy DSGE model with a tradable and a non-tradable sector to examine this … the Irish recovery is mostly export-driven with structural reforms playing a very minor role in stimulating growth in the …

growth and volatility in developing countries. The results suggest that it is difficult to establish a robust causal … relationship between financial integration and economic growth. Furthermore, there is little evidence that developing countries … have been consistently successful in using financial integration to stabilize fluctuations in consumption growth. However …

. Recent research argues that models with persistent growth rate shocks and recursive preferences can solve that puzzle. I show …, then long-run risk generates insufficient exchange rate volatility. A long-run risk model with recursive-preferences can … generate realistic exchange rate volatility, if all agents efficiently share their consumption risk by trading in complete …

This paper attempts a re-examination of the relationship between the output volatility and economic growth using an … proxy of macroeconomic volatility has negative effect on economic growth. The results appear to be stronger when we include … between economic growth and volatility for the developing countries. The financial development indicator indicates significant …

Cross-country evidence is presented on resource dependence and the link between volatility and growth. First, growth … depends negatively on volatility of unanticipated output growth independent of initial income per capita, the average … growth. Second, the adverse effect of resources on growth operates primarily through higher volatility. The positive effect …

Cross-country evidence is presented on resource dependence and the link between volatility and growth. First, growth … depends negatively on volatility of unanticipated output growth independent of initial income per capita, the average … growth. Second, the adverse effect of resources on growth operates primarily through higher volatility. The positive effect …

Cross-country evidence is presented on resource dependence and the link between volatility and growth. First, growth … depends negatively on volatility of unanticipated output growth independent of initial income per capita, the average … growth. Second, the adverse effect of resources on growth operates primarily through higher volatility. The positive effect …

growth as it “opens up” is contingent upon its own peculiarities …

I analyze output growth, volatility, and skewness as the joint outcomes of financial openness. Using an industry panel … of 53 countries over 45 years, I find that financial openness increases simultaneously mean growth and the negative … skewness of the growth process. The increase in output skewness appears to come from a more negatively skewed distribution of …