Research Article
Growth and Volatility Reconsidered: Reconciling Opposite Views
Table 2
Descriptive statistics.
| Descriptive statistics | Series | Obs | Mean | Std. dev. | Min | Max |
| GDP growth | 750 | 0.0233 | 0.0287 | ā0.1302 | 0.11639 | GDP volatility | 750 | 0.0232 | 0.0147 | 0.0036 | 0.0957 | Consumption volatility | 750 | 0.0186 | 0.0142 | 0.0022 | 0.0987 | Investment volatility | 750 | 0.0798 | 0.0476 | 0.0079 | 0.323 | Government consumption volatility | 750 | 0.0162 | 0.0100 | 0.002 | 0.0646 | Investment share of GDP | 750 | 28.81 | 5.6367 | 16.0422 | 53.5848 | Education | 750 | 42.23 | 13.67 | 9.76 | 73.42 | Population growth | 750 | 0.006 | 0.0050 | ā0.0046 | 0.0241 | Initial level of GDP | 750 | 22541.93 | 8156.53 | 3980.23 | 66065.33 |
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