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- Publisher Website: 10.1016/S0164-0704(96)80055-3
- Scopus: eid_2-s2.0-0030495569
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Article: Sources of business-cycle volatility: An exploratory study on a sample of OECD countries
Title | Sources of business-cycle volatility: An exploratory study on a sample of OECD countries |
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Authors | |
Issue Date | 1996 |
Publisher | Elsevier 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? |
Abstract | This 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 Identifier | http://hdl.handle.net/10722/177661 |
ISSN | 2023 Impact Factor: 1.3 2023 SCImago Journal Rankings: 0.671 |
ISI Accession Number ID | |
References |
DC Field | Value | Language |
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dc.contributor.author | Karras, G | en_US |
dc.contributor.author | Song, F | en_US |
dc.date.accessioned | 2012-12-19T09:39:28Z | - |
dc.date.available | 2012-12-19T09:39:28Z | - |
dc.date.issued | 1996 | en_US |
dc.identifier.citation | Journal Of Macroeconomics, 1996, v. 18 n. 4, p. 621-637 | en_US |
dc.identifier.issn | 0164-0704 | en_US |
dc.identifier.uri | http://hdl.handle.net/10722/177661 | - |
dc.description.abstract | This 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.language | eng | en_US |
dc.publisher | Elsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/jmacro | en_US |
dc.relation.ispartof | Journal of Macroeconomics | en_US |
dc.title | Sources of business-cycle volatility: An exploratory study on a sample of OECD countries | en_US |
dc.type | Article | en_US |
dc.identifier.email | Song, F: fmsong@hkucc.hku.hk | en_US |
dc.identifier.authority | Song, F=rp01095 | en_US |
dc.description.nature | link_to_subscribed_fulltext | en_US |
dc.identifier.doi | 10.1016/S0164-0704(96)80055-3 | en_US |
dc.identifier.scopus | eid_2-s2.0-0030495569 | en_US |
dc.relation.references | http://www.scopus.com/mlt/select.url?eid=2-s2.0-0030495569&selection=ref&src=s&origin=recordpage | en_US |
dc.identifier.volume | 18 | en_US |
dc.identifier.issue | 4 | en_US |
dc.identifier.spage | 621 | en_US |
dc.identifier.epage | 637 | en_US |
dc.identifier.isi | WOS:A1996VM67000004 | - |
dc.publisher.place | Netherlands | en_US |
dc.identifier.scopusauthorid | Karras, G=7004460641 | en_US |
dc.identifier.scopusauthorid | Song, F=7203075605 | en_US |
dc.identifier.issnl | 0164-0704 | - |