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Political instability and economic growth: Evidence from two decades of transition in CEE

Henryk Gurgul and Łukasz Lach (llach@zarz.agh.edu.pl)

MPRA Paper from University Library of Munich, Germany

Abstract: This paper examines the nexus between political instability and economic growth in 10 CEE countries in transition in the period 1990-2009. Our results support the contention that political instability defined as a propensity for government change had a negative impact on growth. On the other hand, there was no causality in the opposite direction. A sensitivity analysis based on the application of a few hundred different variants of the initial econometric model confirmed the abovementioned findings only in the case where major government changes were applied to the definition of political instability.

Keywords: political instability; economic growth; CEE transition economies (search for similar items in EconPapers)
JEL-codes: O1 O10 O4 O40 (search for similar items in EconPapers)
Date: 2013
New Economics Papers: this item is included in nep-fdg, nep-pol and nep-tra
References: Add references at CitEc
Citations: View citations in EconPapers (10)

Published in Communist and Post-Communist Studies 2.46(2013): pp. 189-202

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Working Paper: Political instability and economic growth: Evidence from two decades of transition in CEE (2012) Downloads
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