Volatility and firm growth

Alberto Chong, Mark Gradstein

Producción científica: Contribución a una revistaArtículo de revista revisión exhaustiva

27 Citas (Scopus)

Resumen

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.
Idioma originalInglés
Páginas (desde-hasta)1-25
Número de páginas25
PublicaciónJournal of Economic Growth
Volumen14
N.º1
DOI
EstadoPublicada - 2 mar. 2009
Publicado de forma externa

Palabras clave

  • Firm growth
  • Institutions
  • Policy volatility

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