Struthmann, Philipp; Walle, Yabibal M.; Herwartz, Helmut - In: Journal of Money, Credit and Banking 56 (2023) 7, pp. 1833-1860
131 economies worldwide for the period 1985–2018. To estimate the growth volatility model, we employ the system … instruments. Our results show that corruption control significantly reduces growth volatility. This effect is robust to … control on growth volatility through its role in reinforcing the volatility‐dampening effect of financial development. …