Institutions and Growth Volatility

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dc.contributor.authorAnbarci, Nejat
dc.contributor.authorHill, Jonathan
dc.contributor.authorKirmanoglu, Hasan
dc.date.accessioned2024-07-18T20:47:32Z
dc.date.available2024-07-18T20:47:32Z
dc.date.issued2011
dc.departmentİstanbul Bilgi Üniversitesien_US
dc.description.abstractRecently some studies provided evidence that democratic political institutions generate less volatile growth. These studies, however, do not provide any link between democracy and investment volatility. Here, we focus on the specific channel that links individualistic societies and low growth volatility. We test whether investment volatility and consequently growth volatility are lower in individualistic societies. We construct a two-equation system of investment and income growth volatility, allowing various measures of individualism to influence growth volatility both directly and indirectly. We find that individualism significantly directly and indirectly influences growth volatility negatively.en_US
dc.identifier.doi10.1111/j.1759-3441.2011.00114.x
dc.identifier.endpage252en_US
dc.identifier.issn0812-0439
dc.identifier.issn1759-3441
dc.identifier.issue2en_US
dc.identifier.scopus2-s2.0-85088288150en_US
dc.identifier.scopusqualityQ3en_US
dc.identifier.startpage233en_US
dc.identifier.urihttps://doi.org/10.1111/j.1759-3441.2011.00114.x
dc.identifier.urihttps://hdl.handle.net/11411/7842
dc.identifier.volume30en_US
dc.identifier.wosWOS:000210529700011en_US
dc.identifier.wosqualityN/Aen_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherWileyen_US
dc.relation.ispartofEconomic Papersen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectDemocratic İnstitutionsen_US
dc.subjectİndividualismen_US
dc.subjectCollectivismen_US
dc.subjectİnvestment Volatilityen_US
dc.subjectGrowth Volatilityen_US
dc.subjectOrganizationen_US
dc.subjectDemocracyen_US
dc.titleInstitutions and Growth Volatility
dc.typeArticle

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