On the measurement of political instability and its impact on economic growth

Richard Jong-A-Pin ()

European Journal of Political Economy, 2009, vol. 25, issue 1, 15-29

Abstract: We examine the multidimensionality of political instability using 25 political instability indicators in an Exploratory Factor Analysis. We find that political instability has four dimensions: politically motivated violence, mass civil protest, instability within the political regime, and instability of the political regime. We examine the causal impact of political instability on economic growth using a dynamic panel system Generalized Method of Moments model and find that the four dimensions of political instability have different effects on economic growth. Only the instability of the political regime has a robust and significant negative effect on economic growth.

Keywords: Political; instability; Factor; analysis; Economic; growth (search for similar items in EconPapers)
Date: 2009
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (160)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0176-2680(08)00080-3
Full text for ScienceDirect subscribers only

Related works:
Working Paper: On the measurement of political instability and its impact on economic growth (2006)
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:eee:poleco:v:25:y:2009:i:1:p:15-29

Access Statistics for this article

European Journal of Political Economy is currently edited by J. De Haan, A. L. Hillman and H. W. Ursprung

More articles in European Journal of Political Economy from Elsevier
Bibliographic data for series maintained by Catherine Liu ().