Instabilités politiques, guerre et croissance économique: le cas du Liban et des pays du Moyen-Orient
Jean-François Verne
Revue d'économie politique, 2016, vol. 126, issue 6, 1077-1103
Abstract:
This paper displays the war and political instabilities impact on the rate of the GDP growth concerning fifteen Middle-East countries and particularly Lebanon during the period of 1970-2013. It analyses the asymmetries in the variation of the rate of GDP growth of these fifteen countries and estimates endogenously a threshold of growth from which the political instabilities or war enhance two levels of impact on GDP growth. In this paper, we show that the economies of the fifteen countries go quickly from recession regime to growth regime and that the threshold of growth is seen to be high. This phenomenon concerns Lebanon specially that records also a certain resilience since its GDP evolution, which is very erratic notably during the civil war of 1975-1990, returns towards its long-run value rapidly after an exogenous shock.
Keywords: GDP Growth; Data Panel; Political Instabilities; War (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:cai:repdal:redp_266_1077
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