{"id":"https://openalex.org/W325441004","doi":"https://doi.org/10.1080/01603477.2000.11490273","title":"Business Cycle Volatility and Economic Growth: A Reassessment","display_name":"Business Cycle Volatility and Economic Growth: A Reassessment","publication_year":2000,"publication_date":"2000-09-01","ids":{"openalex":"https://openalex.org/W325441004","doi":"https://doi.org/10.1080/01603477.2000.11490273","mag":"325441004"},"language":"en","primary_location":{"id":"doi:10.1080/01603477.2000.11490273","doi":"https://doi.org/10.1080/01603477.2000.11490273","is_oa":false,"landing_page_url":"https://doi.org/10.1080/01603477.2000.11490273","pdf_url":null,"source":{"id":"https://openalex.org/S151404345","display_name":"Journal of Post Keynesian Economics","issn_l":"0160-3477","issn":["0160-3477","1557-7821"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-class-a","anvur-scientific","cwts-core","jufo-1","norway-1","poland-70","russia-white-list-2"],"host_organization":"https://openalex.org/P4310320547","host_organization_name":"Taylor & Francis","host_organization_lineage":["https://openalex.org/P4310320547","https://openalex.org/P4310320449"],"host_organization_lineage_names":["Taylor & Francis","Informa"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Post Keynesian Economics","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://figshare.com/articles/preprint/Business_cycle_volatility_and_economic_growth_a_reassessment/9493565","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5034995797","display_name":"Terence C. Mills","orcid":"https://orcid.org/0000-0003-3757-9338","observed_orcids":["https://orcid.org/0000-0003-3757-9338"]},"institutions":[],"countries":[],"is_corresponding":true,"raw_author_name":"Terence C. Mills","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":["https://openalex.org/A5034995797"],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":3.2089,"has_fulltext":true,"cited_by_count":26,"citation_normalized_percentile":{"value":0.93623743,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":88,"max":97},"biblio":{"volume":"23","issue":"1","first_page":"107","last_page":"116"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9613999724388123,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9613999724388123,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10393","display_name":"Economic Growth and Productivity","score":0.02800000086426735,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11742","display_name":"Economic Theory and Policy","score":0.0027000000700354576,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/business-cycle-volatility","display_name":"business cycle volatility","score":0.9929999709129333},{"id":"https://openalex.org/keywords/economic-growth","display_name":"economic growth","score":0.9950000047683716},{"id":"https://openalex.org/keywords/real-business-cycle-theory","display_name":"real business cycle theory","score":0.9819999933242798},{"id":"https://openalex.org/keywords/per-capita-output","display_name":"per capita output","score":0.7250000238418579},{"id":"https://openalex.org/keywords/non-parametric-methods","display_name":"non-parametric methods","score":0.5709999799728394},{"id":"https://openalex.org/keywords/cross-country-growth","display_name":"cross-country growth","score":0.3630000054836273},{"id":"https://openalex.org/keywords/business-cycles","display_name":"business cycles","score":0.41100001335144043}],"concepts":[{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.8405682444572449},{"id":"https://openalex.org/C83873408","wikidata":"https://www.wikidata.org/wiki/Q192311","display_name":"Business cycle","level":2,"score":0.7627053260803223},{"id":"https://openalex.org/C91602232","wikidata":"https://www.wikidata.org/wiki/Q756115","display_name":"Volatility (finance)","level":2,"score":0.7334445714950562},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.492693692445755},{"id":"https://openalex.org/C165556158","wikidata":"https://www.wikidata.org/wiki/Q83937","display_name":"Keynesian economics","level":1,"score":0.45982789993286133},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.4331910014152527},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.32888615131378174}],"mesh":[],"locations_count":5,"locations":[{"id":"doi:10.1080/01603477.2000.11490273","doi":"https://doi.org/10.1080/01603477.2000.11490273","is_oa":false,"landing_page_url":"https://doi.org/10.1080/01603477.2000.11490273","pdf_url":null,"source":{"id":"https://openalex.org/S151404345","display_name":"Journal of Post Keynesian Economics","issn_l":"0160-3477","issn":["0160-3477","1557-7821"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-class-a","anvur-scientific","cwts-core","jufo-1","norway-1","poland-70","russia-white-list-2"],"host_organization":"https://openalex.org/P4310320547","host_organization_name":"Taylor & Francis","host_organization_lineage":["https://openalex.org/P4310320547","https://openalex.org/P4310320449"],"host_organization_lineage_names":["Taylor & Francis","Informa"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Post Keynesian Economics","raw_type":"journal-article"},{"id":"pmh:oai:figshare.com:article/9493565","doi":null,"is_oa":true,"landing_page_url":"https://figshare.com/articles/preprint/Business_cycle_volatility_and_economic_growth_a_reassessment/9493565","pdf_url":"https://figshare.com/articles/preprint/Business_cycle_volatility_and_economic_growth_a_reassessment/9493565","source":{"id":"https://openalex.org/S4306402585","display_name":"Loughborough University Research Repository (Loughborough University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I143804889","host_organization_name":"Loughborough University","host_organization_lineage":["https://openalex.org/I143804889"],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"Text"},{"id":"pmh:oai:CiteSeerX.psu:10.1.1.197.889","doi":null,"is_oa":false,"landing_page_url":"http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.197.889","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"http://www.lut.ac.uk/departments/ec/reasearchpapers/bcv/bcv99-2/bcv99-2.pdf","raw_type":"text"},{"id":"pmh:oai:RePEc:mes:postke:v:23:y:2000:i:1:p:107-116","doi":null,"is_oa":false,"landing_page_url":"http://hdl.handle.net/10.1080/01603477.2000.11490273","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"},{"id":"pmh:oai:dspace.lboro.ac.uk:2134/1124","doi":null,"is_oa":true,"landing_page_url":"https://dspace.lboro.ac.uk/2134/1124","pdf_url":null,"source":{"id":"https://openalex.org/S4306401023","display_name":"Loughborough University Institutional Repository (Loughborough University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I143804889","host_organization_name":"Loughborough University","host_organization_lineage":["https://openalex.org/I143804889"],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"Working Paper"}],"best_oa_location":{"id":"pmh:oai:figshare.com:article/9493565","doi":null,"is_oa":true,"landing_page_url":"https://figshare.com/articles/preprint/Business_cycle_volatility_and_economic_growth_a_reassessment/9493565","pdf_url":"https://figshare.com/articles/preprint/Business_cycle_volatility_and_economic_growth_a_reassessment/9493565","source":{"id":"https://openalex.org/S4306402585","display_name":"Loughborough University Research Repository (Loughborough University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I143804889","host_organization_name":"Loughborough University","host_organization_lineage":["https://openalex.org/I143804889"],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"Text"},"sustainable_development_goals":[{"display_name":"Decent work and economic growth","id":"https://metadata.un.org/sdg/8","score":0.48510000109672546}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":true,"grobid_xml":true},"content_urls":{"pdf":"https://content.openalex.org/works/W325441004.pdf","grobid_xml":"https://content.openalex.org/works/W325441004.grobid-xml"},"referenced_works_count":16,"referenced_works":["https://openalex.org/W179963684","https://openalex.org/W1524372663","https://openalex.org/W1558177242","https://openalex.org/W1980785498","https://openalex.org/W1991063012","https://openalex.org/W2002328226","https://openalex.org/W2024081693","https://openalex.org/W2057032881","https://openalex.org/W2084639901","https://openalex.org/W2088563154","https://openalex.org/W2099833714","https://openalex.org/W2127612805","https://openalex.org/W2142988535","https://openalex.org/W2165374033","https://openalex.org/W2890582035","https://openalex.org/W3143839440"],"related_works":["https://openalex.org/W267670029","https://openalex.org/W1481786962","https://openalex.org/W1964304623","https://openalex.org/W1524372663","https://openalex.org/W2591392218","https://openalex.org/W1986123461","https://openalex.org/W197742181","https://openalex.org/W3125069503","https://openalex.org/W7097044890","https://openalex.org/W2153902566"],"abstract_inverted_index":{"One":[0],"of":[1,5,30,47,65,77,89,109,122,134,143,150,153,170,190,239],"the":[2,28,84,106,120,131,135,175,183,272],"important":[3],"implications":[4],"real":[6,31,154],"business":[7,40,257],"cycle":[8,41,258],"theory":[9],"is":[10,52,222],"that":[11,27,51,162],"there":[12,61],"should":[13,37],"be\\na":[14],"positive":[15,125],"relationship":[16,192,273],"between":[17,193,274],"economic":[18,21],"fluctuations":[19],"and":[20,96,137,182,196,277],"growth,":[22],"or,":[23],"to":[24,94,104,118,178,187,210,223,255],"be\\nmore":[25],"specific,":[26],"growth":[29,139,197],"gross":[32],"domestic":[33],"product":[34],"per":[35,228],"capita":[36,229],"fall":[38],"as\\nthe":[39],"becomes":[42],"less":[43,202],"volatile.":[44],"This":[45],"is,":[46],"course,":[48],"a":[49,63,123,141,225],"conjecture":[50],"open\\nto":[53],"empirical":[54,172],"verification,":[55],"at":[56],"least":[57],"in":[58,148,217,244],"principle,":[59],"but":[60,157],"are":[62,252],"variety":[64,142],"approaches":[66],"that\\nmay":[67],"be":[68,160,199],"taken":[69],"which":[70,241],"will":[71],"not":[72],"necessarily":[73],"yield":[74],"consistent":[75],"sets":[76],"findings.":[78],"Altman\\n(1995),":[79],"for":[80],"example,":[81],"uses":[82,113],"primarily":[83],"Maddison":[85],"(1991)":[86],"data":[87,230],"set":[88,231,238],"some":[90],"13\\ncountries":[91],"from":[92,260],"1870":[93],"1986":[95],"detrends":[97],"using":[98],"log-linear":[99],"trend":[100],"lines":[101],"across\\nbenchmark":[102],"years":[103],"obtain":[105],"cyclical":[107,127,180,194,275],"component":[108],"output.":[110],"He":[111],"then":[112,247],"rank":[114],"and\\nlinear":[115],"correlation":[116,184],"techniques":[117,185],"assess":[119,188],"strength":[121],"possible":[124],"relationship\\nbetween":[126],"volatility,":[128],"measured":[129],"as":[130],"standard":[132],"deviation":[133],"cyclical\\ncomponent,":[136],"output":[138,227],"across":[140],"sub-periods.\\nAltman":[144],"finds":[145],"little":[146],"evidence":[147],"favour":[149],"this":[151],"implication":[152],"business\\ncycles":[155],"models,":[156],"it":[158],"may":[159,198],"argued":[161],"his":[163,171],"conclusion":[164],"relies":[165],"heavily":[166],"on":[167],"two\\nquestionable":[168],"features":[169],"approach.":[173],"Both":[174],"method":[176],"used":[177],"construct\\nthe":[179],"components":[181,259],"employed":[186],"the\\nstrength":[189],"any":[191],"volatility":[195,276],"criticised\\nas":[200],"being":[201],"than":[203],"statistical":[204,250],"\u2018best":[205],"practice\u2019.":[206],"We":[207,246],"therefore":[208],"aim":[209],"reassess":[211],"this\\nevidence":[212],"by":[213],"extending":[214],"Altman\u2019s":[215],"analysis":[216],"three":[218],"directions.":[219],"The":[220],"first":[221],"use":[224,267],"more\\nextensive":[226],"-":[232],"we":[233,266],"employ":[234,248],"Maddison\u2019s":[235],"(1995)":[236],"updated":[237],"22\\ncountries,":[240],"now":[242],"ends":[243],"1994.":[245],"several":[249],"techniques\\nthat":[251],"explicitly":[253],"designed":[254],"extract":[256],"annual\\neconomic":[261],"time":[262],"series":[263],"and,":[264],"finally,":[265],"robust":[268],"non-parametric":[269],"methods":[270],"to\\ninvestigate":[271],"growth.":[278]},"counts_by_year":[{"year":2022,"cited_by_count":2},{"year":2021,"cited_by_count":1},{"year":2020,"cited_by_count":2},{"year":2017,"cited_by_count":3},{"year":2016,"cited_by_count":1},{"year":2014,"cited_by_count":3},{"year":2013,"cited_by_count":2}],"updated_date":"2026-11-03T10:50:19.383937","created_date":"2016-06-24T00:00:00"}