How Does Political Instability Affect Economic Growth?

Released on by Mr.Ari Aisen
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  • How Does Political Instability Affect Economic Growth? Book Detail

  • Author : Mr.Ari Aisen
  • Release Date : 2011-01-01
  • Publisher : International Monetary Fund
  • Genre : Business & Economics
  • Pages : 30
  • ISBN 13 : 1455211907
  • File Size : 82,82 MB
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How Does Political Instability Affect Economic Growth? by Mr.Ari Aisen PDF Summary

Book Description: The purpose of this paper is to empirically determine the effects of political instability on economic growth. Using the system-GMM estimator for linear dynamic panel data models on a sample covering up to 169 countries, and 5-year periods from 1960 to 2004, we find that higher degrees of political instability are associated with lower growth rates of GDP per capita. Regarding the channels of transmission, we find that political instability adversely affects growth by lowering the rates of productivity growth and, to a smaller degree, physical and human capital accumulation. Finally, economic freedom and ethnic homogeneity are beneficial to growth, while democracy may have a small negative effect.

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The Economics of Political Violence

The Economics of Political Violence

File Size : 7,7 MB
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In this pioneering volume, Dipak Gupta takes a multidisciplinary approach to the study of the causes of political violence and the effects of political instabil