Growth and Volatility
This paper has two objectives. First, to establish empirically a U-shaped relation between GDP growth rate and income volatility. The backward as well as the fast-growing countries have had extensive volatility; but developed nations by contrast have enjoyed much more stable income. Second, to prese...
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| Format: | text |
| Language: | English |
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Institutional Knowledge at Singapore Management University
2002
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| Online Access: | https://ink.library.smu.edu.sg/soe_research/695 https://ink.library.smu.edu.sg/context/soe_research/article/1694/viewcontent/growthandvolatility.pdf |
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| Institution: | Singapore Management University |
| Language: | English |