Is Higher Volatility Associated with Lower Growth? Intranational Evidence from South Korea
The Empirical Economics Letters, Vol. 8, No. 7, pp. 625-629, 2009
5 Pages Posted: 2 Aug 2010
Date Written: January 30, 2009
Abstract
This paper examines the relationship between output volatility and growth using regional data from South Korea over the period 1985-2003. The estimation is conducted using volatility that varies across regions as well as across time. The findings indicate that provinces with higher volatility have lower growth, but this is largely due to common shocks across provinces.
Keywords: Growth, Volatility, South Korea
JEL Classification: E32, 040
Suggested Citation: Suggested Citation
Tochkov, Karin and Tochkov, Kiril, Is Higher Volatility Associated with Lower Growth? Intranational Evidence from South Korea (January 30, 2009). The Empirical Economics Letters, Vol. 8, No. 7, pp. 625-629, 2009 , Available at SSRN: https://ssrn.com/abstract=1651234
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