Holdings: How Does Political Instability Affect Economic Growth?

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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Main Author:	Aisen, Ari (Author)
Format:	Electronic eBook
Language:	English
Published:	Washington, D.C International Monetary Fund 2011
Series:	IMF Working Papers Working Paper No. 11/12
Online Access:	UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext
Summary:	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
Physical Description:	1 Online-Ressource (28 p)
ISBN:	1455211907 9781455211906

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spelling	Aisen, Ari Verfasser aut How Does Political Instability Affect Economic Growth? Aisen, Ari Washington, D.C International Monetary Fund 2011 1 Online-Ressource (28 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 11/12 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 Online-Ausg Veiga, Francisco José Sonstige oth http://elibrary.imf.org/view/IMF001/11592-9781455211906/11592-9781455211906/11592-9781455211906.xml Verlag URL des Erstveröffentlichers Volltext
spellingShingle	Aisen, Ari How Does Political Instability Affect Economic Growth?
title	How Does Political Instability Affect Economic Growth?
title_auth	How Does Political Instability Affect Economic Growth?
title_exact_search	How Does Political Instability Affect Economic Growth?
title_exact_search_txtP	How Does Political Instability Affect Economic Growth?
title_full	How Does Political Instability Affect Economic Growth? Aisen, Ari
title_fullStr	How Does Political Instability Affect Economic Growth? Aisen, Ari
title_full_unstemmed	How Does Political Instability Affect Economic Growth? Aisen, Ari
title_short	How Does Political Instability Affect Economic Growth?
title_sort	how does political instability affect economic growth
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