The main purpose of this paper is to investigate the relationship between business cycle volatility and country size using quarterly data for a sample of OECD countries over 1960-2000. The results suggest very strongly that the relationship between country size and business cycle volatility is negative and statistically significant. This finding is very robust, suggesting that country size does matter, at least for the severity of cyclical fluctuations.
Furceri, D., Karras, G. (2008). Business cycle volatility and country size: evidence for a sample of OECD countries. ECONOMICS BULLETIN, 2008.
Business cycle volatility and country size: evidence for a sample of OECD countries
FURCERI, Davide;
2008-01-01
Abstract
The main purpose of this paper is to investigate the relationship between business cycle volatility and country size using quarterly data for a sample of OECD countries over 1960-2000. The results suggest very strongly that the relationship between country size and business cycle volatility is negative and statistically significant. This finding is very robust, suggesting that country size does matter, at least for the severity of cyclical fluctuations.
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