Growth and volatility in the European Union: a linear or a non-parametric approach?

The paper reports an investigation of the relationship between business-cycle volatility and economic growth in the European Union before (EU-15) and after broadening (EU-25) using cross-sectional models. Results based on the superiority of the pseudo-likelihood ratio test as a more reliable tool for testing the robustness of the model used, indicate that the above relationship is linear only in the case of EU-15.

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Year of publication:	2007
Authors:	Botsaris, Charalampos ; Tsagkanos, Athanasios
Published in:	Applied Economics Letters. - Taylor & Francis Journals, ISSN 1350-4851. - Vol. 14.2007, 1, p. 65-69
Publisher:	Taylor & Francis Journals

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005629250