The Relationship between Output Variability and Growth: Evidence from Post War U.K. DataScottish Journal of Political Economy
AbstractThe paper investigates the relationship between output variability and economic growth using a GARCH-M model with industrial production in post-war Great Britain. The data reveals a positive relationship between variability and growth rates.
PublisherJohn Wiley & Sons
Citation InformationTony Caporale and Barbara McKiernan. "The Relationship between Output Variability and Growth: Evidence from Post War U.K. Data" Scottish Journal of Political Economy Vol. 43 Iss. 2 (1996)
Available at: http://works.bepress.com/tony_caporale/4/