Political Instability and Economic Growth: UK Time Series Evidence

Dimitrios Asteriou and Simon Price

Scottish Journal of Political Economy, 2001, vol. 48, issue 4, 383-399

Abstract: This paper tests for the influence of political instability on UK economic growth between 1961 and 1997. We construct six variables that quantify political instability and examine the effect on growth. The results suggest that there is a strong link. GARCH‐M models reveal negative effects of instability on growth and positive effects on growth uncertainty. Uncertainty in itself does not affect growth.

Date: 2001
References: Add references at CitEc
Citations: View citations in EconPapers (49)

Downloads: (external link)
https://doi.org/10.1111/1467-9485.00205

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:bla:scotjp:v:48:y:2001:i:4:p:383-399

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0036-9292

Access Statistics for this article

Scottish Journal of Political Economy is currently edited by Tim Barmby, Andrew Hughes-Hallett and Campbell Leith

More articles in Scottish Journal of Political Economy from Scottish Economic Society Contact information at EDIRC.
Bibliographic data for series maintained by Wiley Content Delivery ().