Volatility, island nations and small states

• Jeffrey A. Edwards ^[1] ; Alfredo A. Romero ^[1]
  1. [1] North Carolina Agricultural and Technical State University

     North Carolina Agricultural and Technical State University

     Township of Morehead, Estados Unidos

     
• Localización: Economics and Business Letters, ISSN-e 2254-4380, Vol. 9, Nº. Extra 3, 2020 (Ejemplar dedicado a: Selected papers from 7th International PhD Meeting in Economics 2019), págs. 248-254
• Idioma: inglés
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• Resumen

  • The authors of this paper have attempted to fill a gap in the literature that addresses both domestic and foreign born growth volatility for island countries and small states. Using a sophisticated dynamic panel framework, we find that the characteristics of both types of volatility are considerably different than they are for other countries. Our results argue against the prevailing wisdom regarding volatility that these two groups should simply mimic the economic policies of other nations.