How does political instability affect economic growth?

Research, Article, Preprint English OPEN
Aisen, Ari; Veiga, Francisco J.;
  • Publisher: Universidade do Minho. Núcleo de Investigação em Políticas Económicas (NIPE)
  • Related identifiers: doi: 10.1016/j.ejpoleco.2012.11.001
  • Subject: General, [Economic growth;Economic models;Education;Productivity;Political economy;Human capital;political instability, growth accounting, gdp per capita, tfp, ethnic homogeneity, Economywide Country Studies] | Economic growth | Growth accounting | Measurement of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence | Political instability | O43 | O47 | Economic growth, political instability, growth accounting, productivity | Productivity | Institutions and Growth | Social Sciences | Economic growth; political instability; growth accounting; productivity. | Economie | Economic growth; Political instability; Growth accounting; Productivity
    • jel: jel:O47 | jel:O43

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 tha... View more
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