The Dynamic Effect of Social and Political Instability on Output
Download or Read eBook The Dynamic Effect of Social and Political Instability on Output PDF written by Mr.Lorenzo E. Bernal-Verdugo and published by International Monetary Fund. This book was released on 2013-04-23 with total page 41 pages. Available in PDF, EPUB and Kindle.
| Author | : Mr.Lorenzo E. Bernal-Verdugo |
| Publisher | : International Monetary Fund |
| Total Pages | : 41 |
| Release | : 2013-04-23 |
| ISBN-10 | : 9781484339268 |
| ISBN-13 | : 1484339266 |
| Rating | : 4/5 (68 Downloads) |
Book Synopsis The Dynamic Effect of Social and Political Instability on Output by : Mr.Lorenzo E. Bernal-Verdugo
Book excerpt: The aim of this paper is to analyze the dynamic effect of social and political instability on output. Using a panel of up to 183 countries from 1980 to 2010, the results of the paper suggest that social conflicts have a significant and negative impact on output in the short-term with the magnitude of the effect being a function of the intensity of political instability. The results also show that the recovery of output over the medium-term depends on the ability of the country to implement, in the aftermath of a social instability episode, reforms aimed at improving the level of governance. The results are robust to different checks and estimation strategies.
