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dc.contributor.advisorHaslag, Joseph H.eng
dc.contributor.authorPereyra, Martin, 1976-eng
dc.date.issued2008eng
dc.date.submitted2008 Springeng
dc.descriptionThe entire dissertation/thesis text is included in the research.pdf file; the official abstract appears in the short.pdf file (which also appears in the research.pdf); a non-technical general description, or public abstract, appears in the public.pdf file.eng
dc.descriptionTitle from title screen of research.pdf file (viewed on June 11, 2009)eng
dc.descriptionVita.eng
dc.descriptionThesis (Ph. D.) University of Missouri-Columbia 2008.eng
dc.description.abstractGrowth and economic fluctuations are negatively correlated at the country level. Least developed countries measures of output volatility are almost double the size of the developed countries counterpart. This paper provides an explanation for this stylized fact. I construct a measure of output volatility for all the states belonging to the United States for the period 1960-2004. For the state sample, the correlation estimate of output growth and output volatility is zero. This suggests that the factor linking output growth and volatility is not present at the state level.This research suggests that governments that design policies that increase uncertainty create an asymmetric information problem for firms operating in that country. Firm's inability to observe the size of the transfer to be paid to the government choose production and investment plans that exhibit higher variance than when information is perfect. This approach suggest that governments of least developed countries can reduce excessive output volatility by designing more steady and sound policies.eng
dc.description.bibrefIncludes bibliographical referenceseng
dc.identifier.merlinb68928403eng
dc.identifier.oclc388243933eng
dc.identifier.urihttps://hdl.handle.net/10355/5551
dc.identifier.urihttps://doi.org/10.32469/10355/5551eng
dc.languageEnglisheng
dc.publisherUniversity of Missouri--Columbiaeng
dc.relation.ispartofcommunityUniversity of Missouri--Columbia. Graduate School. Theses and Dissertationseng
dc.rightsOpenAccess.eng
dc.rights.licenseThis work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 License.
dc.subject.lcshEconomic developmenteng
dc.subject.lcshEconomic policyeng
dc.subject.lcshUncertaintyeng
dc.subject.lcshInformation asymmetryeng
dc.subject.lcshInternational economic relationseng
dc.subject.lcshInternational financeeng
dc.titleGrowth and volatility in inter- and intra-national dataeng
dc.typeThesiseng
thesis.degree.disciplineEconomics (MU)eng
thesis.degree.grantorUniversity of Missouri--Columbiaeng
thesis.degree.levelDoctoraleng
thesis.degree.namePh. D.eng


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