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

See all articles by Karin Tochkov

Karin Tochkov

Texas A&M University - Department of Psychology

Kiril Tochkov

Texas Christian University - Department of Economics

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

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

Karin Tochkov

Texas A&M University - Department of Psychology ( email )

College Station, TX 77843-4235
United States

Kiril Tochkov (Contact Author)

Texas Christian University - Department of Economics ( email )

Box 298510
Fort Worth, TX 76129
United States
817-257-7554 (Phone)
817-257-5058 (Fax)

HOME PAGE: http://personal.tcu.edu/ktochkov

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