ISBN:
9781484381687
Language:
English
Pages:
Online-Ressource (42 p)
Series Statement:
IMF Working Papers
Parallel Title:
Print version The Dynamic Effect of Social and Political Instability on Output: The Role of Reforms
DDC:
303.6
Keywords:
Political stability
;
Economic development -- Political aspects
;
Electronic books
;
Electronic books
Abstract:
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. Th
Description / Table of Contents:
Cover; The Dynamic Effect of Social and Political Instability on Output: The Role of Reforms; 1. Introduction; 2. Data and descriptive statistics; 3. Empirical Analysis; 3.1 Short-term; 3.2 Medium-term; 3.3 The Effect of Reforms; 3.3.1 Governance and probability of political instability; 3.3.2 Governance, induced political instability and growth; 4. Conclusions and Policy Implications; References; Annex-Data Description; Table; Table 1. Summary Statistics; Table 2. The contemporaneous effect of social conflicts on output-OLS
Description / Table of Contents:
Table 3. The contemporaneous effect of social conflicts on output-OLSTable 4. The contemporaneous effect of social conflicts on output-OLS; Table 5. The contemporaneous effect of social conflicts on output-GMM; Figure; Figure 1. Evolution of cabinet changes across regions; Figure 2. Co-movement of different social instability indicators; Figure 3. Contemporaneous growth and cabinet changes; Figure 4. Medium-term output changes and cabinet changes; Figure 5. The dynamic effect of cabinet changes on output (percentage points)
Description / Table of Contents:
Figure 6. The dynamic effect of cabinet changes on output (percentage points) - Robustness checkFigure 7. The dynamic effect of cabinet changes on output (percentage points) - Robustness check; Figure 8. The dynamic effect of social instability indicators on output (percentage points); Figure 9. The dynamic effect of cabinet changes conditioning for reforms in governance (percentage points); Figure 10. The dynamic effect of social instability conditioning for reforms in governance -within 2 years (percentage points)
Description / Table of Contents:
Figure 11. The dynamic effect of cabinet changes conditioning for reforms in governance (percentage points)-Instrumental VariablesAppendix; Figure A1. The dynamic effect of cabinet changes conditioning for reforms in product markets (percentage points); Figure A2. The dynamic effect of cabinet changes conditioning for reforms in labor markets (percentage points)
Note:
Description based upon print version of record
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