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Utilizing Arellano and Bond (1991) panel-GMM estimator model, this paper investigates dynamic interactions between financial system, through bank/stock market development, and economic growth volatility in overall/specific country group levels for 47 developed/developing/transition countries...
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Why is GDP so much more volatile in poor countries than in rich ones? To answer this question, we propose a theory of …
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Why is GDP so much more volatile in poor countries than in rich ones? To answer this question, we propose a theory of …
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