Premium
THE RELATIONSHIP BETWEEN OUTPUT VARIABILITY AND GROWTH: EVIDENCE FROM POST WAR UK DATA
Author(s) -
Caporale Tony,
McKiernan Barbara
Publication year - 1996
Publication title -
scottish journal of political economy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.4
H-Index - 46
eISSN - 1467-9485
pISSN - 0036-9292
DOI - 10.1111/j.1467-9485.1996.tb00675.x
Subject(s) - economics , production (economics) , industrial production , positive relationship , econometrics , macroeconomics , psychology , social psychology
A bstract 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.