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Political Instability and Economic Growth
Open accessAbstract
This paper investigates the relationship between political instability and per capita GDP growth in a sample of 113 countries for the period 1950-1982.We define "political instability" as the propensity of a government collapse, and we estimate a model in which political instability and economic growth are jointly determined.The main result of this paper is that in countries and time periods with a high propensity of government collapse, growth is significantly lower than otherwise.This effect remains strong when we restrict our definition of "government change" to cases of substantial changes of the government.
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Cites
The Penn World Table (Mark 5): An Expanded Set of International Comparisons, 1950-1988
Summers, R., & Heston, A. (1991) · The Quarterly Journal of Economics · doi:10.2307/2937941 · Cited by 3,429
POWELL, G. B. (1982) · doi:10.4159/9780674042353 · Cited by 874
Cited by
Bénabou, R. (1996) · NBER Macroeconomics Annual · doi:10.1086/654291 · Cited by 1,587
The Natural Resource Curse: A Survey
Frankel, J. (2010) · doi:10.3386/w15836 · Cited by 655
Economic growth in Latin America
De Gregorio, J. (1992) · Journal of Development Economics · doi:10.1016/0304-3878(92)90057-g · Cited by 598
Economic Shocks and Conflict: Evidence from Commodity Prices
Bazzi, S., & Blattman, C. (2014) · American Economic Journal: Macroeconomics · doi:10.1257/mac.6.4.1 · Cited by 437
The impact of UN and US economic sanctions on GDP growth
Neuenkirch, M., & Neumeier, F. (2015) · European Journal of Political Economy · doi:10.1016/j.ejpoleco.2015.09.001 · Cited by 349
Metadata
- Authors
- Alesina, A., Ozler, S., Roubini, N., & Swagel, P.
- Venue
- National Bureau of Economic Research
- Publisher
- National Bureau of Economic Research
- Published
- 1992-09
- OpenAlex
- W2083982115
- Cited by
- 316
- References
- 2
- Type
- report
- Language
- en
- Open access
- green
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Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
