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Political Instability and Economic Growth / Alberto Alesina, Sule Ozler, Nouriel Roubini, Phillip Swagel.
- Format:
- Book
- Author/Creator:
- Alesina, Alberto.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w4173.
- NBER working paper series no. w4173
- Language:
- English
- Subjects (All):
- Economic development.
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 1992.
- Cambridge, Massachusetts : National Bureau of Economic Research, 1992.
- Summary:
- 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.
- Notes:
- Print version record
- September 1992.
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