How Does Political Instability Affect Economic Growth
Ari Aisen,Francisco Veiga +1 more
TLDR
In this article, the effects of political instability on economic growth were empirically determined using the system-GMM estimator for linear dynamic panel data models on a sample covering up to 169 countries, and 5-year periods from 1960 to 2004.Abstract:
The purpose of this paper is to empirically determine the effects of political instability on economic growth. Using the system-GMM estimator for linear dynamic panel data models on a sample covering up to 169 countries, and 5-year periods from 1960 to 2004, we find that higher degrees of political instability are associated with lower growth rates of GDP per capita. Regarding the channels of transmission, we find that political instability adversely affects growth by lowering the rates of productivity growth and, to a smaller degree, physical and human capital accumulation. Finally, economic freedom and ethnic homogeneity are beneficial to growth, while democracy may have a small negative effect.read more
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The effect of energy consumption, urbanization, trade openness, industrial output, and the political stability on the environmental degradation in the MENA (Middle East and North African) region
Usama Al-mulali,Ilhan Ozturk +1 more
TL;DR: In this paper, a panel model that represents the environmental degradation utilizing ecological footprint as a better indicator is constructed taken the period 1996-2012 investigating 14 MENA countries and the results from the Pedroni cointegration test revealed that ecological footprint, energy consumption, urbanization, trade openness, industrial development and political stability are cointegrated.
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Revolution empirics: predicting the Arab Spring
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Internationalization and innovation performance of emerging market enterprises: The role of host-country institutional development
TL;DR: In this paper, the authors examine how host country institutional development influences innovation performance of internationalized emerging market enterprises (EMEs), and they find that although host-country institutional development on average enhances innovation performance, such effects are more pronounced for EMEs with strong absorptive capacity and for those diversifying into a larger number of countries.
A measured approach to ending poverty and boosting shared prosperity : concepts, data, and the twin goals
Shaohua Chen,Dean Jolliffe,Aart Kraay,Peter Lanjouw,Christian Johannes Meyer,Mario Negre Rossignoli,Espen Beer Prydz,Renos Vakis,Ruth Kyla Dolny Wethli +8 more
TL;DR: The World Bank has for the first time, committed to a specific poverty reduction target to guide its work as mentioned in this paper, and the goal to boost shared prosperity gives more explicit attention to inclusive growth than has been the case in the past and paves the way for a focus on inequality, not only of opportunity but also of final outcomes.
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International trade and carbon emissions: The role of Chinese institutional and policy reforms.
TL;DR: The results show that trade liberalization, weak environmental institutions, exchange rate policy, and legal and property rights affect emissions, and the lack of reform in the utilities sector is an important factor in the rapid increase in embodied emissions.
References
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