Volatility, island nations and small states


  • Jeffrey A Edwards North Carolina A&T State University
  • Alfredo A. Romero North Carolina Agricultural and Technical State University, USA




The authors of this paper have attempted to fill a gap in the literature that addresses both domestic and foreign born growth volatility for island countries and small states. Using a sophisticated dynamic panel framework, we find that the characteristics of both types of volatility are considerably different than they are for other countries. Our results argue against the prevailing wisdom regarding volatility that these two groups should simply mimic the economic policies of other nations.

Author Biography

Jeffrey A Edwards, North Carolina A&T State University

Professor, Department of Economics, North Carolina A&T State University, Greensboro, NC; Advisory Board, Applied Economics and International Development, Euro-American Association of Economic Development Studies, Spain; Editor, Economics Collection, Business Expert Press, New York, New York.


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How to Cite

Edwards, J. A., & Romero, A. A. (2020). Volatility, island nations and small states. Economics and Business Letters, 9(3), 248–254. https://doi.org/10.17811/ebl.9.3.2020.248-254