nep-fdg New Economics Papers
on Financial Development and Growth
Issue of 2006‒09‒11
one paper chosen by
Iulia Igescu
Global Insight, GmbH

  1. Globalisation, Instability and Economic Insecturity By Ajit Singh; Sonja Fagernäs

  1. By: Ajit Singh; Sonja Fagernäs
    Abstract: This paper documents and analyses the volatility of economic growth in rich and poor countries. It concludes that whereas volatility has declined almost universally in advanced countries, the picture is more mixed for developing countries. The paper then concentrates on the case of India, where GDP volatility has declined over the past two decades. The evidence shows that the move away from agriculture has stabilised the economy. Increased financial depth and more favourable developments in terms of trade have had a similar effect. Finally, the paper discusses the relationship between economic instability and insecurity at a general level.
    Keywords: Volatility, GDP growth, globalisation
    JEL: F01
    Date: 2006–06

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