期刊名称：Discussion Papers / University of Leicester, Department of Economics
出版年度：2012
卷号：2012
出版社：Leicester
摘要：The investigation of the growth-volatility link is an important one in empirical macroeconomics. There is no empirical evidence supporting the predictions of recent theoretical models that incorporate and explicitly recognize the role of human capital in this link. Using a panel data, we show empirically how the detrimental effect of output volatility on growth is diluted by education. We provide robustness checks and policy implications of our finding.
