TY - UNPB
T1 - Does uncertainty affect economic growth?
T2 - an empirical analysis
AU - Lensink, Robert
AU - Bo, Hong
AU - Sterken, Elmer
N1 - Relation: http://www.rug.nl/
date_submitted:2002
Rights: Rijksuniversiteit Groningen
PY - 1999
Y1 - 1999
N2 - This paper investigates the effect of uncertainty on economic growth. We construct measures of export uncertainty, government policy uncertainty and price uncertainty to augment a growth model, and using econometric techniques we test for robustness of the effects of these measure on economic growth in a cross-section of 138 developing and developed economies during 1970-1995. The result clearly shows a robust and negative effect of uncertainty on economic growth. These results underline the importance of export stability and policy credibility.
AB - This paper investigates the effect of uncertainty on economic growth. We construct measures of export uncertainty, government policy uncertainty and price uncertainty to augment a growth model, and using econometric techniques we test for robustness of the effects of these measure on economic growth in a cross-section of 138 developing and developed economies during 1970-1995. The result clearly shows a robust and negative effect of uncertainty on economic growth. These results underline the importance of export stability and policy credibility.
KW - 83.33 economische fluctuaties
KW - Economische groei, Onzekerheid, Groeimodellen
M3 - Working paper
BT - Does uncertainty affect economic growth?
PB - s.n.
ER -