The Dynamic Effect Of Social And Political Instability On Output

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The Dynamic Effect of Social and Political Instability on Output

The Dynamic Effect of Social and Political Instability on Output
Author :
Publisher : International Monetary Fund
Total Pages : 41
Release :
ISBN-10 : 9781484339268
ISBN-13 : 1484339266
Rating : 4/5 (266 Downloads)

Book Synopsis The Dynamic Effect of Social and Political Instability on Output by : Mr.Lorenzo E. Bernal-Verdugo

Download or read book The Dynamic Effect of Social and Political Instability on Output written by Mr.Lorenzo E. Bernal-Verdugo and published by International Monetary Fund. This book was released on 2013-04-23 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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. The results are robust to different checks and estimation strategies.


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