Gurgul, Henryk and Lach, Łukasz (2012): Political instability and economic growth: Evidence from two decades of transition in CEE.
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This paper examines the nexus between political instability and economic growth in 10 CEE countries in transition in the period 1990-2009. Our results support the contention that political instability defined as a propensity for government change had a negative impact on growth. On the other hand, there was no causality in the opposite direction. A sensitivity analysis based on the application of a few hundred different variants of the initial econometric model confirmed the abovementioned findings only in the case where major government changes were applied to the definition of political instability.
|Item Type:||MPRA Paper|
|Original Title:||Political instability and economic growth: Evidence from two decades of transition in CEE|
|Keywords:||economic growth, political instability, CEE economies|
|Subjects:||O - Economic Development, Technological Change, and Growth > O4 - Economic Growth and Aggregate Productivity > O40 - General|
|Depositing User:||Henryk Gurgul|
|Date Deposited:||02. Apr 2012 11:56|
|Last Modified:||12. Feb 2013 13:40|
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