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Is Economic Volatility Detrimental to Global Sustainability?

In a dynamic panel data model allowing for error cross-section dependence, output volatility is found to impede sustainable development. Through a financial development channel (liquidity liability ratio), output volatility exerts a significant effect on depletion of natural resources, a key compone...

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Bibliographic Details
Main Author: Huang, Yongfu
Language:en_US
Published: Oxford University Press on behalf of the World Bank 2013
Subjects:
economic downturn
Economic Volatility
financial crisis
financial development
future growth
global financial markets
growth rate
income
international trade
liquidity
Low-income countries
natural resource
natural resources
output
private capital
private capital flows
savings
stock markets
sustainable development
world economy
Online Access:http://hdl.handle.net/10986/15343

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