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THE RELATIONSHIP BETWEEN OUTPUT VARIABILITY AND GROWTH: EVIDENCE FROM POST WAR UK DATA |
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| Authors: | Tony Caporale Barbara McKiernan |
| Affiliation: | *Ohio University |
| Abstract: | The paper investigates the relationship between output variability and economic growth using a GARCH-M model with industrial production in post-war Great Britain. The data reveals a positive relationship between variability and growth rates. |
| Keywords: | |