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Article: Sources of business-cycle volatility: An exploratory study on a sample of OECD countries

TitleSources of business-cycle volatility: An exploratory study on a sample of OECD countries
Authors
Issue Date1996
PublisherElsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/jmacro
Citation
Journal Of Macroeconomics, 1996, v. 18 n. 4, p. 621-637 How to Cite?
AbstractThis paper investigates the sources of output volatility in twenty-four OECD economies using annual data from the 1960 to 1990 period. The paper finds that output volatility is positively related to the volatility of the money supply and the variance of the Solow residual, but negatively related to government size. The degree of openness of the economy and the exchange rate flexibility are also positively related to the size of business fluctuations, while price flexibility and industrial structure have no effect on output volatility. These results shed some light on the issue of the sources of business cycles.
Persistent Identifierhttp://hdl.handle.net/10722/177661
ISSN
2015 Impact Factor: 0.714
2015 SCImago Journal Rankings: 0.618
ISI Accession Number ID
References

 

DC FieldValueLanguage
dc.contributor.authorKarras, Gen_US
dc.contributor.authorSong, Fen_US
dc.date.accessioned2012-12-19T09:39:28Z-
dc.date.available2012-12-19T09:39:28Z-
dc.date.issued1996en_US
dc.identifier.citationJournal Of Macroeconomics, 1996, v. 18 n. 4, p. 621-637en_US
dc.identifier.issn0164-0704en_US
dc.identifier.urihttp://hdl.handle.net/10722/177661-
dc.description.abstractThis paper investigates the sources of output volatility in twenty-four OECD economies using annual data from the 1960 to 1990 period. The paper finds that output volatility is positively related to the volatility of the money supply and the variance of the Solow residual, but negatively related to government size. The degree of openness of the economy and the exchange rate flexibility are also positively related to the size of business fluctuations, while price flexibility and industrial structure have no effect on output volatility. These results shed some light on the issue of the sources of business cycles.en_US
dc.languageengen_US
dc.publisherElsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/jmacroen_US
dc.relation.ispartofJournal of Macroeconomicsen_US
dc.titleSources of business-cycle volatility: An exploratory study on a sample of OECD countriesen_US
dc.typeArticleen_US
dc.identifier.emailSong, F: fmsong@hkucc.hku.hken_US
dc.identifier.authoritySong, F=rp01095en_US
dc.description.naturelink_to_subscribed_fulltexten_US
dc.identifier.doi10.1016/S0164-0704(96)80055-3en_US
dc.identifier.scopuseid_2-s2.0-0030495569en_US
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-0030495569&selection=ref&src=s&origin=recordpageen_US
dc.identifier.volume18en_US
dc.identifier.issue4en_US
dc.identifier.spage621en_US
dc.identifier.epage637en_US
dc.identifier.isiWOS:A1996VM67000004-
dc.publisher.placeNetherlandsen_US
dc.identifier.scopusauthoridKarras, G=7004460641en_US
dc.identifier.scopusauthoridSong, F=7203075605en_US

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