The relationship between output variability and growth: Evidence from post war UK data

Scottish Journal of Political Economy

Volumn 43, Issue 2, 1996, Pages 229-236

  Caporale, Tony ^a   McKiernan, Barbara ^a  

^a OHIO UNIVERSITY   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

ECONOMIC GROWTH; GARCH-M MODEL; INDUSTRIAL OUTPUT; MODELLING APPROACH; OUTPUT VARIABILITY;

UK;

EID: 0030445140     PISSN: 00369292     EISSN: None     Source Type: Journal    
DOI: 10.1111/j.1467-9485.1996.tb00675.x     Document Type: Article

References (13)

1. BAILLIE, R. T. and BOLLERSLEV, T. (1989). The message in daily exchange rates: a conditional variance tale. Journal of Business and Economic Statistics, 7, pp. 297-305.
2. BERNDT, E., HALL, B., HALL, R. and Hausman, J. (1974) Estimation and inference in nonlinear structural models. Annals of Economic and Social Measurement, 3, pp. 653-665.
3. BLACK, F. (1987). Business Cycles and Equilibrium. New York: Basil Blackwell.
4. BOX, G. E. P. and JENKINS, G. M. (1970). Time Series Analysis. San Francisco: Holden Day.
5. ENGLE, R. (1982). Auto-regressive conditional heteroskedasticity with estimate of the variance of UK inflation. Econometrica, 55, pp. 391-407.
6. FRIEDMAN, M. (1968). The role of monetary policy. American Economic Review, 58, pp. 1-17.
7. GRANGER, C. W. J. and NEWBOLD, P. (1977). Forecasting Economic Time Series. New York: Academic Press.
8. GRIER, K. and TULLOCK, G. (1989). An empirical analysis of cross-national economic growth, 1951-80. Journal of Monetary Economics. 24, pp. 259-276.
9. KEYNES, J. M. (1936). The General Theory of Employment, Interest, and Money. London: Macmillan.
10. KORMENDI, R. and MEGUIRE, P. (1985). Macroeconomic determinants of growth: cross-country evidence. Journal of Monetary Economics, 16, pp. 141-163.
11. SANDMO, A. (1970). The effect of uncertainty on saving. Review of Economic Studies, 37, pp. 353-360.
12. SOLOW, R. (1957). Technical change and the aggregate production function. Review of Economics and Statistics, 39, pp. 312-320.
13. WOODFORD, M. (1990). Learning to believe in sunspots. Econometrica, 58, pp. 277-307.