The effect of recessions on the relationship between output variability and growth

被引：37
|
作者：
Henry, OT [1 ]
Olekalns, N [1 ]
机构：
[1] Univ Melbourne, Dept Econ, Parkville, Vic 3010, Australia
来源：
SOUTHERN ECONOMIC JOURNAL | 2002年 / 68卷 / 03期
关键词：
D O I：
10.2307/1061726
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This paper investigates the relationship between output volatility and growth using postwar real GDP data for the United States. We expand on recent research by Beaudry and Koop ( 1993), documenting the asymmetric effect of recessions on output growth. The results presented in this paper suggest that output volatility is highest when the economy is contracting. While we find that the economy expands most rapidly following a recession, this expansion is offset by the negative impact of output uncertainty.
引用
收藏
页码：683 / 692
页数：10
相关论文
共 50 条
  • [41] The relationship between inflation, output growth, and their uncertainties: Nonlinear Multivariate GARCH-M evidence
    Omay, Tolga
    ECONOMICS BULLETIN, 2011, 31 (04): : 3006 - 3015
  • [42] THE RELATIONSHIP BETWEEN TOTAL OUTPUT AND MAN-HOUR OUTPUT: COMMENT
    Klein, Lawrence R.
    QUARTERLY JOURNAL OF ECONOMICS, 1942, 56 : 342 - 343
  • [43] The relationship between prices and output in the UK and the US
    Guglielmo Maria Caporale
    Gloria Claudio-Quiroga
    Luis Alberiko Gil-Alana
    SN Business & Economics, 2 (6):
  • [44] RELATIONSHIP BETWEEN PERCEPTION (INPUT) AND EXECUTION (OUTPUT)
    FRIEDRIC.D
    FULLER, GB
    HAWKINS, WF
    PERCEPTUAL AND MOTOR SKILLS, 1969, 29 (03) : 923 - &
  • [45] On the Relationship between Coal Consumption and Output in China
    Li Weiming
    Ma Xiaowei
    Hou Yunbing
    Zhao Fu
    DYNAMICS OF URBAN AGGLOMERATION IN CHINA: PREFERENCES OF ENERGY-SAVING AND ENVIRONMENT-FRIENDLY SOCIETY, 2009, : 89 - +
  • [46] The relationship between output and unemployment with efficiency wages
    Malley, Jim
    Molana, Hassan
    GERMAN ECONOMIC REVIEW, 2007, 8 (04) : 561 - 577
  • [47] Relationship between brain activation and muscle output
    Yue, GH
    Dai, TH
    Liu, JZ
    Shah, A
    Sahgal, V
    ELECTROPHYSIOLOGY AND KINESIOLOGY, 2000, : 43 - 48
  • [48] The effect of recessions on firms' boundaries
    Knudsen, Eirik Sjaholm
    Foss, Kirsten
    INDUSTRIAL AND CORPORATE CHANGE, 2015, 24 (05) : 1081 - 1108
  • [49] The relationship between anaesthetic uptake and cardiac output
    Watt, SJ
    Cook, LB
    Ohri, S
    Lockwood, GG
    ANAESTHESIA, 1996, 51 (01) : 24 - 28
  • [50] RELATIONSHIP BETWEEN OUTPUT ORDER AND CONFIDENCE OF RECALL
    BROWN, SC
    SLAYBAUG.GD
    PSYCHONOMIC SCIENCE, 1971, 25 (02): : 109 - &
12345