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https://hdl.handle.net/10419/51474
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DC Field | Value | Language |
---|---|---|
dc.contributor.author | Chong, Alberto | en |
dc.contributor.author | Gradstein, Mark | en |
dc.date.accessioned | 2010-02-23 | - |
dc.date.accessioned | 2011-11-18T11:48:02Z | - |
dc.date.available | 2011-11-18T11:48:02Z | - |
dc.date.issued | 2006 | - |
dc.identifier.uri | http://hdl.handle.net/10419/51474 | - |
dc.description.abstract | A 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.iso | eng | en |
dc.publisher | |aInter-American Development Bank, Research Department |cWashington, DC | en |
dc.relation.ispartofseries | |aWorking Paper |x578 | en |
dc.subject.jel | E60 | en |
dc.subject.jel | H11 | en |
dc.subject.jel | O11 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | Firm Growth | en |
dc.subject.keyword | Policy Volatility | en |
dc.subject.keyword | Institutions | en |
dc.subject.keyword | Finance | en |
dc.subject.stw | Wirtschaftswachstum | en |
dc.subject.stw | Markteintritt | en |
dc.subject.stw | Volatilität | en |
dc.subject.stw | Politische Stabilität | en |
dc.subject.stw | Schätzung | en |
dc.subject.stw | Welt | en |
dc.title | Policy volatility and growth | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 585532699 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
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