Empirical Analysis of the Relationship Between Cycle Growth Volatility and Economic Growth: the Case of Lebanon

Authors

  • Jean-François Verne
  • Rosette Ghossoub Sayegh

Keywords:

Empirical analysis, Economic growth indicators, Economic growth, Production, Effectiveness

Abstract

This paper analyses the evolution of the growth cycle and volatility in Lebanon during the period of 1970-2015. First, GDP growth observed over its potential level is determined by taking into account the break dates coinciding with conflict and political instability. Th en, an estimation of the impact of conflict on the output gap volatility is held to analyze the causal relationship between this same volatility and growth. It turned out that contrary to what is suggested by the literature, it is economic growth that explains the volatility of economic cycles.(original abstract)

Downloads

Download data is not yet available.

Published

30-06-2017

How to Cite

Verne, Jean-François, and Rosette Ghossoub Sayegh. “Empirical Analysis of the Relationship Between Cycle Growth Volatility and Economic Growth: The Case of Lebanon”. DEMO, vol. 2, no. 1, June 2017, pp. 172-89, https://ojs.fimagis.pl/demo/article/view/1084.

Issue

Section

Articles

Similar Articles

1 2 3 4 5 6 7 8 9 10 > >> 

You may also start an advanced similarity search for this article.