that the state history variable is more important in countries with a higher level of macroeconomic volatility. …We present cross-country evidence that a country's macroeconomic volatility, measured either by the standard deviation … volatility in postwar periods. Robustness checks reveal that the effect of this historical variable on volatility remains …

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 …

that the state history variable is more important in countries with a higher level of macroeconomic volatility …We present cross-country evidence that a country's macroeconomic volatility, measured either by the standard deviation … volatility in post-war periods. Robustness checks reveal that the effect of this historical variable on volatility remains …

In a sample of 110 countries over the period 1960–2009, we document a positive relation between the volatility and … volatility and skewness in panel data with country fixed effects in the top quartile of countries in terms of beginning …

In a sample of 110 countries over the period 1960-2009, we document a positive relation between the volatility and … volatility and skewness in panel data with country fixed effects in the top quartile of countries in terms of beginning …

empirically revisit the traditional financial development proxies relationship with economic growth after world's second greatest …