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The Impact of the Arab Spring on the Tunisian Economy

Samer Matta, Simon Appleton and Michael Bleaney

No 2015-09, Discussion Papers from University of Nottingham, CREDIT

Abstract: We use Synthetic Control Methodology to estimate the output loss in Tunisia as a result of the “Arab spring”. Our results suggest that each Tunisian citizen lost, on average, an estimated US$ 600 (5.5 percent of GDP), US$ 574 (5.1 percent of GDP) and US$ 735 (6.4 percent of GDP) in 2011, 2012 and 2013, respectively. These findings are robust to a series of tests. Investment was the main channel through which the economy was impacted by the Arab Spring, as investors were afraid to invest in a highly volatile political environment.

Keywords: Arab Spring; Tunisia; Economic Impact; Synthetic Control Methodology (search for similar items in EconPapers)
Date: 2015
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Related works:
Journal Article: The Impact of the Arab Spring on the Tunisian Economy (2019) Downloads
Working Paper: The impact of the Arab Spring on the Tunisian economy (2016) Downloads
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