The Relationship between Output Variability and Growth: Evidence from Post War U.K. Data
Scottish Journal of Political Economy
The paper investigates the relationship between output variability and economic growth using a GARCH-M model with industrial production in post-war Great Britain. The data reveals a positive relationship between variability and growth rates.
John Wiley & Sons
Caporale, Tony and McKiernan, Barbara, "The Relationship between Output Variability and Growth: Evidence from Post War U.K. Data" (1996). Economics and Finance Faculty Publications. 31.