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...

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Bibliographic Details
Main Author: Aisen, Ari (author)
Other Authors: Veiga, Francisco José (author)
Format: workingPaper
Language:eng
Published: 2010
Subjects:
Economic growth
Political instability
Growth accounting
Productivity
Online Access:http://hdl.handle.net/1822/11676
Country:Portugal
Oai:oai:repositorium.sdum.uminho.pt:1822/11676

Internet

http://hdl.handle.net/1822/11676

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