Scaling the volatility of GDP growth rates

被引：98

作者：

Canning, D ^{[1
]}

Amaral, LAN

Lee, Y

Meyer, M

Stanley, HE

机构：

[1] Queens Univ Belfast, Belfast, Antrim, North Ireland

[2] Harvard Univ, Inst Int Dev, Cambridge, MA 02138 USA

[3] Boston Univ, Boston, MA 02215 USA

[4] MIT, Boston, MA USA

来源：

ECONOMICS LETTERS | 1998年 / 60卷 / 03期

关键词：

real business cycles; country size; scale effects; volatility; network models;

D O I：

10.1016/S0165-1765(98)00121-9

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

The distribution of shocks to GDP growth rates is found to be exponential rather than normal. Their standard deviation scales with GDP(beta) where beta = -0.15 +/- 0.03. These macroeconomic results place restrictions on the microeconomic structure of interactions between agents. (C) 1998 Elsevier Science S.A.

引用

页码：335 / 341

页数：7

共 16 条

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[2]

AMARAL LAN, 1997, POWER LAW SCALING SY

[3]

[Anonymous], 1993, Ricerche Economiche, DOI [10.1016/0035-5054(93)90023-V, DOI 10.1016/0035-5054(93)90023-V]

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