Does Uncertainty Affect Economic Growth? An Empirical Analysis

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 measures on economic growt...

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Bibliographic Details
Published in:Review of world economics 1999-01, Vol.135 (3), p.379-396
Main Authors: Lensink, Robert, Bo, Hong, Sterken, Elmer
Format: Article
Language:English
Subjects:
Autoregressive models
Coefficients
Credibility
Econometric models
Economic growth
Economic growth models
Economic models
Economic policy
Economic stabilization
Economic theory
Economic uncertainty
Exports
Financial investments
Global economy
Gross domestic product
Growth models
Long run economic growth
Percentages
Public policy
Robustness
Statistical variance
Uncertainty
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