Logo
Munich Personal RePEc Archive

Commodity Price Shocks, Conflict and Growth: The Role of Institutional Quality and Political Violence

Musayev, Vusal (2014): Commodity Price Shocks, Conflict and Growth: The Role of Institutional Quality and Political Violence.

[thumbnail of MPRA_paper_59786.pdf]
Preview
PDF
MPRA_paper_59786.pdf

Download (950kB) | Preview

Abstract

This analysis empirically investigates the relationships between resource windfalls, political regimes, conflict and economic growth using recent advances in panel estimation methods and a distinctive commodity price shock measurement. The paper clarifies many of the ambiguous outcomes of the existing literature, particularly showing that resource windfalls have significant impact on conflict only in politically unstable autocracies, which itself is heterogeneous in the response conditional on a country’s initial political violence level. The findings also demonstrate that resource shocks are positively associated with economic performance in democracies and in politically stable autocracies, while significantly deteriorating growth for politically unstable autocracies.

Atom RSS 1.0 RSS 2.0

Contact us: mpra@ub.uni-muenchen.de

This repository has been built using EPrints software.

MPRA is a RePEc service hosted by Logo of the University Library LMU Munich.