Economic growth, government size and political instability

Imène Guetat ()
Additional contact information
Imène Guetat: AEI Université de Paris Est Créteil, ESSECT - Ecole Supérieure des Sciences Economiques et Commerciales de Tunis - Université de Tunis

Post-Print from HAL

Abstract: To empirically determine the effects of political instability and size of government on economic growth, we use the GMM system estimator for linear dynamic panel data models on a sample covering up to 19 countries from 1980 to 2012. The major empirical is that higher degrees of political instability are associated with lower growth rates of GDP per capita, unlike the size of government which has a positive effect on economic growth. Also, we figure out that political instability adversely affects growth by lowering the rates of productivity growth and physical and human capital accumulation. Finally, democracy and inflation have a negative effect, while economic freedom is beneficial to growth.

Keywords: Economic growth Political instability government size GMM system estimator and MENA; Economic growth; Political instability; government size; GMM system estimator and MENA (search for similar items in EconPapers)
Date: 2016
Note: View the original document on HAL open archive server: https://hal.science/hal-04097904
References: View references in EconPapers View complete reference list from CitEc
Citations:

Published in International Journal of Economics & Strategic Management of Business Process (ESMB), 2016, 6 (2), pp.19-31

Downloads: (external link)
https://hal.science/hal-04097904/document (application/pdf)

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: https://EconPapers.repec.org/RePEc:hal:journl:hal-04097904

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().