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dc.contributor.author
Campi, Mercedes Maria
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dc.contributor.author
Dueñas, Marcos
dc.date.available
2020-10-08T14:05:29Z
dc.date.issued
2020-06
dc.identifier.citation
Campi, Mercedes Maria; Dueñas, Marcos; Volatility and economic growth in the twentieth century; North-holland; Structural Change And Economic Dynamics; 53; 6-2020; 330-343
dc.identifier.issn
0954-349X
dc.identifier.uri
http://hdl.handle.net/11336/115603
dc.description.abstract
This paper analyses the international distribution of GDP per capita growth rates and its dynamics during the twentieth century. We show that the century is characterized by a changing distribution of GDP per capita growth rates, which is reflected in different shapes and a persistent asymmetry at the regional level and for countries of different development levels. Interestingly, the well-known negative scaling relation between growth volatility and country size that characterizes the second half of the century is not observed before the 1950s, period dominated by severe global shocks. We discuss possible explanations to the disruption of the scaling relationship. We argue that in a turbulent context, the functioning and interdependence of economic components of countries of different size can be altered, also affecting the scaling relation between growth volatility and country size. Our results contribute with evidence of the underlying complexity of the growth process and its historical evolution.
dc.format
application/pdf
dc.language.iso
eng
dc.publisher
North-holland
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dc.rights
info:eu-repo/semantics/restrictedAccess
dc.rights.uri
https://creativecommons.org/licenses/by-nc-sa/2.5/ar/
dc.subject
ECONOMIC GROWTH
dc.subject
ECONOMIC HISTORY
dc.subject
GROWTH RATES DISTRIBUTION
dc.subject
GROWTH VOLATILITY
dc.subject
SCALING EFFECTS
dc.subject
TWENTIETH CENTURY
dc.subject.classification
Economía, Econometría
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dc.subject.classification
Economía y Negocios
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dc.subject.classification
CIENCIAS SOCIALES
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dc.title
Volatility and economic growth in the twentieth century
dc.type
info:eu-repo/semantics/article
dc.type
info:ar-repo/semantics/artículo
dc.type
info:eu-repo/semantics/publishedVersion
dc.date.updated
2020-06-23T15:19:34Z
dc.journal.volume
53
dc.journal.pagination
330-343
dc.journal.pais
Países Bajos
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dc.journal.ciudad
Amsterdam
dc.description.fil
Fil: Campi, Mercedes Maria. Consejo Nacional de Investigaciones Científicas y Técnicas. Oficina de Coordinación Administrativa Saavedra 15. Instituto Interdisciplinario de Economía Política de Buenos Aires. Universidad de Buenos Aires. Facultad de Ciencias Económicas. Instituto Interdisciplinario de Economía Política de Buenos Aires; Argentina
dc.description.fil
Fil: Dueñas, Marcos. Universidad de Bogotá Jorge Tadeo Lozano; Colombia
dc.journal.title
Structural Change And Economic Dynamics
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dc.relation.alternativeid
info:eu-repo/semantics/altIdentifier/url/https://www.sciencedirect.com/science/article/abs/pii/S0954349X17302503?via%3Dihub
dc.relation.alternativeid
info:eu-repo/semantics/altIdentifier/doi/https://doi.org/10.1016/j.strueco.2019.04.008
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