How does political instability affect economic growth?

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...

Full description

Bibliographic Details
Main Author: Aisen, Ari (author)
Other Authors: Veiga, Francisco José (author)
Format: article
Language:eng
Published: 2013
Subjects:
Online Access:http://hdl.handle.net/1822/20364
Country:Portugal
Oai:oai:repositorium.sdum.uminho.pt:1822/20364