| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP6535 |
| DP6535 Reason, Emotion and Information Processing in the Brain | |
| Juan Carrillo; Isabelle Brocas | |
| 发表日期 | 2007-10-19 |
| 出版年 | 2007 |
| 语种 | 英语 |
| 摘要 | What is the relationship between economic growth and its volatility? Does political instability affect growth directly or indirectly, through volatility? This paper tries to answer such questions using a power-ARCH framework with annual time series data for Argentina from 1896 to 2000. We show that while assassinations and strikes (what we call ?informal? political instability) have a direct negative effect on economic growth, ?formal? political instability (constitutional and legislative changes) has an indirect (through volatility) negative impact. We also find preliminary support for the idea that while the effects of ?formal? instability are stronger in the long-run, those of ?informal? instability are stronger in the short-run. |
| 主题 | Public Economics |
| 关键词 | Economic growth Political instability Power-arch Volatility |
| URL | https://cepr.org/publications/dp6535 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/535374 |
| 推荐引用方式 GB/T 7714 | Juan Carrillo,Isabelle Brocas. DP6535 Reason, Emotion and Information Processing in the Brain. 2007. |
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