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Political instability and economic growth: Evidence from two decades of transition in CEE.
- Source :
-
Communist & Post-Communist Studies . Jun2013, Vol. 46 Issue 2, p189-202. 14p. - Publication Year :
- 2013
-
Abstract
- 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. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 0967067X
- Volume :
- 46
- Issue :
- 2
- Database :
- Academic Search Index
- Journal :
- Communist & Post-Communist Studies
- Publication Type :
- Academic Journal
- Accession number :
- 88409151
- Full Text :
- https://doi.org/10.1016/j.postcomstud.2013.03.008