Volatility and firm growth

被引：43

作者：

Chong, Alberto ^{[1
]}

Gradstein, Mark ^{[2
]}

机构：

[1] Inter Amer Dev Bank, Washington, DC USA

[2] Ben Gurion Univ Negev, IL-84105 Beer Sheva, Israel

来源：

JOURNAL OF ECONOMIC GROWTH | 2009年 / 14卷 / 01期

关键词：

Firm growth; Policy volatility; Institutions; INVESTMENT; POLICY;

D O I：

10.1007/s10887-009-9037-y

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

A growing body of macroeconomic evidence suggests that volatility is detrimental for economic growth. The channel through which this materializes, however, is less clear. Moreover, substantive evidence based on disaggregate data is scarce. In this paper, we provide empirical support for this relationship using a detailed cross-country firm-level dataset. We also provide additional evidence that institutional obstacles magnify the adverse effect of perceived volatility on firm growth.

引用

页码：1 / 25

页数：25

共 43 条

[1]

ABEL A, 1993, AM ECON REV, V73, P228

[2] The colonial origins of comparative development: An empirical investigation [J].