Volatility and firm growth

Alberto Chong; Mark Gradstein

doi:10.1007/s10887-009-9037-y

Volatility and firm growth

Alberto Chong, Mark Gradstein

Research output: Contribution to journal › Article in a journal › peer-review

26 Scopus citations

Abstract

A growing body of macroeconomic evidence suggests that volatility is detrimental for economic growth. The channel through which this materializes, however, is less clear. Moreover, substantive evidence based on disaggregate data is scarce. In this paper, we provide empirical support for this relationship using a detailed cross-country firm-level dataset. We also provide additional evidence that institutional obstacles magnify the adverse effect of perceived volatility on firm growth.

Original language	English
Pages (from-to)	1-25
Number of pages	25
Journal	Journal of Economic Growth
Volume	14
Issue number	1
DOIs	https://doi.org/10.1007/s10887-009-9037-y
State	Published - 2 Mar 2009
Externally published	Yes

Keywords

Firm growth
Institutions
Policy volatility

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.1007/s10887-009-9037-y

Cite this

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AU - Gradstein, Mark

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AB - A growing body of macroeconomic evidence suggests that volatility is detrimental for economic growth. The channel through which this materializes, however, is less clear. Moreover, substantive evidence based on disaggregate data is scarce. In this paper, we provide empirical support for this relationship using a detailed cross-country firm-level dataset. We also provide additional evidence that institutional obstacles magnify the adverse effect of perceived volatility on firm growth.

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KW - Institutions

KW - Policy volatility

KW - Firm growth

KW - Institutions

KW - Policy volatility

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Volatility and firm growth

Abstract

Keywords

UN SDGs

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