... Economic change The purpose of this paper is to decompose the effects of democracy and risk of expropriation, which are institutional characteristics, on economic volatility. In particular, we include expropriation risk as an additional institutional characteristic to determine economic volatility...

... measures of volatility: while the deviation from median growth indicates where the country is on the business cycle, the standard deviation volatility measures fluctuations in growth. Results using this business cycle indicator are available on request. Economic change Economic conditions Flow...

...+P_i2+…+P_in=1. © Emerald Group Publishing Limited 2006 Estimation Savings Economic change Greece In a seminal work Feldstein and Horioka (1980) found evidence to support a positive relationship between investment and savings ratios on GDP. Using...

... as in the academic literatures. Many contributors have noted that such relationship appears to have weakened in recent years, both in Sweden and other countries [1] . The object of our study is the Swedish economy during the years 1980‐1998. This is a period of large economic changes in Sweden as well as in other...

.... Unfortunately, the volume does not pay adequate attention to this issue. © MCB UP Limited 2003 Literature Asia Economic change For almost two decades, the East Asian economies have been the central focus of development economists. During this period, there have been dramatic swings...