Political instability and economic growth | Zendy

Alberto Alesina | Zendy; Sule �zler | Zendy; Nouriel Roubini | Zendy; Phillip Swagel | Zendy

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Political instability and economic growth

Author(s) -

Alberto Alesina,

Sule �zler,

Nouriel Roubini,

Phillip Swagel

Publication year - 1996

Publication title -

journal of economic growth

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 4.596

H-Index - 85

eISSN - 1573-7020

pISSN - 1381-4338

DOI - 10.1007/bf00138862

Subject(s) - political instability , economics , instability , per capita , politics , government (linguistics) , sample (material) , political stability , macroeconomics , monetary economics , development economics , political science , demography , physics , mechanics , law , population , linguistics , philosophy , chemistry , chromatography , sociology

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.

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