The economic impact of political instability and mass civil protest
Michael Bleaney and
Economics and Politics, 2022, vol. 34, issue 1, 253-270
An extensive literature has examined the economic effects of non‐violent political instability events. Nonetheless, the issue of whether economies react differently over time to such events remains largely unexplored. Using synthetic control methodology, which constructs a counterfactual in the absence of political instability, we estimate the output effect of 38 regime crises in the period 1970–2011. A crucial factor is whether crises are accompanied by mass civil protest. In the crises accompanied by mass civil protest, there is typically an immediate fall in output which is never recovered in the subsequent five years. In crises unaccompanied by protest, there are usually no significant output effects. It is unclear, however, whether mass civil protest causes the greater fall in output or is simply an indicator of a more severe political crisis.
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
Working Paper: The economic impact of political instability and mass civil protest (2021)
Working Paper: The Economic Impact of Political Instability and Mass Civil Protest (2017)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:bla:ecopol:v:34:y:2022:i:1:p:253-270
Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0954-1985
Access Statistics for this article
Economics and Politics is currently edited by Peter Rosendorff
More articles in Economics and Politics from Wiley Blackwell
Bibliographic data for series maintained by Wiley Content Delivery ().