首页    期刊浏览 2024年07月06日 星期六
登录注册

文章基本信息

  • 标题:Scaling of Growth Rate Volatility for Six Macroeconomic Variables
  • 作者:Boris Podobnik ; Davor Horvatic ; Djuro Njavro
  • 期刊名称:Contemporary Economics
  • 印刷版ISSN:2084-0845
  • 出版年度:2012
  • 卷号:6
  • 期号:2
  • 语种:English
  • 出版社:VIZJA Press & IT
  • 其他摘要:We study the annual growth rates of six macroeconomic variables: public debt, public health expenditures, exports of goods, government consumption expenditures, total exports of goods and services, and total imports of goods and services. For each variable, we find (i) that the distribution of the growth rate residuals approximately follows a double exponential (Laplace) distribution and (ii) that the standard deviation of growth rate residuals scales according to the size of the variable as a power law, with a scaling exponent similar to the scaling exponent found for GDP [Economics Letters 60, 335 (1998)]. We hypothesise that the volatility scaling we find for these GDP constituents causes the volatility scaling found in GDP data. (original abstract)
  • 关键词:Dynamic analysis; Gross domestic product (GDP); Analiza dynamiczna; Produkt krajowy brutto (PKB)
Loading...
联系我们|关于我们|网站声明
国家哲学社会科学文献中心版权所有