Political Instability and Economic Growth

Nouriel Roubini, Phillip Swagel, Sule Ozler and Alberto Alesina

Scholarly Articles from Harvard University Department of Economics

Abstract: This paper investigates the relationship between political instability and per capita GDP growth in a sample of 113 countries for the period 1950 through 1982. We define political instability as the propensity of a government collapse, and we estimate a model in which such a measure of political instability and economic growth are jointly determined. The main result of this paper is that in countries and time periods with a high propensity of government collapse, growth is significantly lower than otherwise. We also discuss the effects of different types of government changes on growth.

Date: 1996
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Published in Journal of Economic Growth

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Related works:
Journal Article: Political Instability and Economic Growth (1996)
Working Paper: Political Instability and Economic Growth (1992)
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Persistent link: https://EconPapers.repec.org/RePEc:hrv:faseco:4553024

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