On the measurement of political instability and its impact on economic growth

Richard Jong-A-Pin ()

European Journal of Political Economy, 2009, vol. 25, issue 1, pages 15-29

Abstract: We examine the multidimensionality of political instability using 25 political instability indicators in an Exploratory Factor Analysis. We find that political instability has four dimensions: politically motivated violence, mass civil protest, instability within the political regime, and instability of the political regime. We examine the causal impact of political instability on economic growth using a dynamic panel system Generalized Method of Moments model and find that the four dimensions of political instability have different effects on economic growth. Only the instability of the political regime has a robust and significant negative effect on economic growth.

Keywords: Political; instability; Factor; analysis; Economic; growth (search for similar items in EconPapers)
Date: 2009
View citations in EconPapers

Downloads: (external link)
http://www.sciencedirect.com/science/article/B6V97 ... d79fba6d5bff458bd76d
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:eee:poleco:v:25:y:2009:i:1:p:15-29

Access Statistics for this article

European Journal of Political Economy is edited by J. De Haan, A. L. Hillman and H. W. Ursprung

More articles in European Journal of Political Economy from Elsevier
Series data maintained by Heidi Boesdal ().