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dc.contributor.authorChong, Albertoen
dc.contributor.authorGradstein, Marken
dc.date.accessioned2010-02-23-
dc.date.accessioned2011-11-18T11:48:02Z-
dc.date.available2011-11-18T11:48:02Z-
dc.date.issued2006-
dc.identifier.urihttp://hdl.handle.net/10419/51474-
dc.description.abstractA growing body of recent macroeconomic evidence suggests that volatility is detrimental to economic growth. The channels through which volatility affects growth, however, are less clear; substantive evidence based on disaggregate data is almost non-existent. This paper offers a framework in which policy volatility has an adverse effect on firms' entry into productive industries, thereby affecting economic growth. Empirical support for this relationship is based on a detailed dataset of thousands of firms from some 80 countries. Additional evidence is provided on the channels through which volatility affects firm growth, showing that institutional obstacles magnify the effect.en
dc.language.isoengen
dc.publisher|aInter-American Development Bank, Research Department |cWashington, DCen
dc.relation.ispartofseries|aWorking Paper |x578en
dc.subject.jelE60en
dc.subject.jelH11en
dc.subject.jelO11en
dc.subject.ddc330en
dc.subject.keywordFirm Growthen
dc.subject.keywordPolicy Volatilityen
dc.subject.keywordInstitutionsen
dc.subject.keywordFinanceen
dc.subject.stwWirtschaftswachstumen
dc.subject.stwMarkteintritten
dc.subject.stwVolatilitäten
dc.subject.stwPolitische Stabilitäten
dc.subject.stwSchätzungen
dc.subject.stwWelten
dc.titlePolicy volatility and growth-
dc.typeWorking Paperen
dc.identifier.ppn585532699en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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