POLITICAL STABILITY, PEACE AND ECONOMIC DEVELOPMENT IN 164 COUNTRIES, 2010-2020

Maria-Carmen Guisan

Applied Econometrics and International Development, 2022, vol. 22, issue 1, 105-122

Abstract: We analyze Political Stability, in 164 countries for te period 2010-2020, as a variable that has positive effects on Peace, Economic Development and other indicators of Quality of Life. We include tables with groups of countries classified accordingly to their Indicators of Political Stability, Economic Development and Peace. We estimate equations for the effects of Political stability on Development and Peace and other variables. We, also, estimate and equation for Political Stability in year 2019 related with its lagged value in year 2010, one indicator of Quality of Government in year 2019 and the increase of the Educational Level of adult population for the period 2010-2019. The coefficients are positive and significant, showing that the indicator of Quality of Government selected in this study (Voice of Citizens) and the educational level of adult population, have positive effects on the Index on Political Stability. Besides we include two dummy variables to have into account some special cases of countries with levels of political stability lower than expected in the equation (Libya, Mali, Hong-Kong and Ukraine). One conclusion is that to foster quality of government and education is usually of great importance for political stability and thus to increase Peace and to avoid or diminish conflictiveness. Finally, we include a section with some references to interesting studies addressed to avoid wars and to foster peace in the World.

Keywords: Political Stability; Peace; World Development; Econometric Models of Quality of Life; Education. (search for similar items in EconPapers)
JEL-codes: C5 I2 I3 O57 (search for similar items in EconPapers)
Date: 2022
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