Although there is wide recognition of the negative consequences of policy volatility for countries’ long-term economic growth, there is limited empirical work on this subject. One of the reasons is the difficulty of measuring policy volatility over long periods of time, especially in developing countries. This paper contributes to this literature by constructing a proxy for policy volatility that exploits the information content of the priorities...
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详细
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2018/01/01
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工作文件（编号系列）
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125618
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1
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1
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2018/04/24
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Disclosed
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Winners never quit, quitters never grow : using text mining to measure policy volatility and its linkwith long-term growth in Latin America
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policy volatility