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Are Economic Growth and the Variability of the Business Cycle Related? Evidence from Five European Countries

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dc.contributor.author Fountas, Stilianos en
dc.date.accessioned 2010-08-20T11:01:11Z en
dc.date.available 2010-08-20T11:01:11Z en
dc.date.issued 2002 en
dc.identifier.citation Fountas, S. & Karanasos, M. (2002) "Are Economic Growth and the Variability of the Business Cycle Related? Evidence from Five European Countries" Department of Economics, National University of Ireland, Galway. en
dc.identifier.uri http://hdl.handle.net/10379/1286 en
dc.description.abstract We use a long series of annual data that span over 100 years to examine the relationship between output growth and output growth uncertainty in five European countries. Using the GARCH methodology to proxy output growth uncertainty, we obtain two important results: First, more uncertainty about output growth leads to a higher rate of output growth in three of the five countries. Second, output growth reduces output growth uncertainty in all countries except one. Our results provide strong support to the view that macroeconomists should examine the theories of economic growth and the variability of the business cycle in tandem. en
dc.format application/pdf en
dc.language.iso en en
dc.publisher National University of Ireland, Galway en
dc.relation.ispartofseries working papers;0063 en
dc.subject Economics en
dc.subject Output growth en
dc.subject Output growth uncertainty en
dc.subject GARCH en
dc.title Are Economic Growth and the Variability of the Business Cycle Related? Evidence from Five European Countries en
dc.type Working Paper en
dc.description.peer-reviewed peer-reviewed en

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