Title of article :
Scaling the volatility of GDP growth rates
Author/Authors :
Robert D. Canning، نويسنده , , L. A. N. Amaral، نويسنده , , Y. Lee، نويسنده , , M. Meyer، نويسنده , , H. E. Stanley ، نويسنده ,
Issue Information :
روزنامه با شماره پیاپی سال 1998
Abstract :
The distribution of shocks to GDP growth rates is found to be exponential rather than normal. Their standard deviation scales with GDPβ where β=−0.15±0.03. These macroeconomic results place restrictions on the microeconomic structure of interactions between agents
Keywords :
Real business cycles , Country size , Scale effects , Volatility , Network models
Journal title :
Economics Letters
Journal title :
Economics Letters
