Utilize este identificador para referenciar este registo:
https://hdl.handle.net/1822/11676
Título: | How does political instability affect economic growth? |
Autor(es): | Aisen, Ari Veiga, Francisco José |
Palavras-chave: | Economic growth Political instability Growth accounting Productivity |
Data: | 2010 |
Editora: | Universidade do Minho. Núcleo de Investigação em Políticas Económicas (NIPE) |
Citação: | AISEN, Ari ; VEIGA, Francisco José - “How does political instability affect economic growth?“ [Em linha]. Braga : Núcleo de Investigação em Políticas Económicas, 2010. [Consult. 7 Fev. 2011]. Disponível em WWW: <URL:www3.eeg.uminho.pt/economia/nipe/docs/2010/NIPE_WP_5_2010.pdf>. |
Resumo(s): | 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. |
Tipo: | Documento de trabalho |
URI: | https://hdl.handle.net/1822/11676 |
Arbitragem científica: | no |
Acesso: | Acesso aberto |
Aparece nas coleções: | NIPE - Documentos de Trabalho |
Ficheiros deste registo:
Ficheiro | Descrição | Tamanho | Formato | |
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NIPE_WP_5_2010.pdf | 578,46 kB | Adobe PDF | Ver/Abrir |