in the United States is not likely to be the main source of low output volatility across the world in this period … preceding the outbreak of the financial crisis in August 2007, caused a relatively low output volatility in other national … economies. The results of the time series analysis of 97 developed and developing countries suggest that low output volatility …

Does GDP composition affect GDP growth and volatility? Typically, economies at advanced stages of development grow … volatility are the same in manufacturing and services at the gross output level, the larger intensity of intermediate goods in … gross output production in manufacturing implies a larger growth and volatility of TFP at the value added level in …