Political Instability and Growth : The Central African Republic /

This paper provides empirical evidence that the propensity for political instability in the Central African Republic (C.A.R.) has been increased by low tax revenues and deteriorations in the terms of trade. The direct effect of political instability on economic growth is not statistically significan...

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Библиографические подробности
Главный автор: Ghura, Dhaneshwar
Другие авторы: Mercereau, Benoit
Формат: Журнал
Язык:English
Опубликовано: Washington, D.C. : International Monetary Fund, 2004.
Серии:IMF Working Papers; Working Paper ; No. 2004/080
Online-ссылка:Full text available on IMF
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100 1 |a Ghura, Dhaneshwar. 
245 1 0 |a Political Instability and Growth :   |b The Central African Republic /  |c Dhaneshwar Ghura, Benoit Mercereau. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2004. 
300 |a 1 online resource (22 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This paper provides empirical evidence that the propensity for political instability in the Central African Republic (C.A.R.) has been increased by low tax revenues and deteriorations in the terms of trade. The direct effect of political instability on economic growth is not statistically significant, once account is taken of domestic investment, and economic growth in neighboring countries. The policy implications are: (i) mobilization of domestic revenues to pay public employees' salaries and provide basic social services would lower the probability of coups; (ii) economic diversification would reduce the propensity for adverse terms of trade shocks to fuel coups; and (iii) neighboring countries' efforts to resolve conflicts and achieve sustained growth would be beneficial for the C.A.R.'s economic performance. 
538 |a Mode of access: Internet 
700 1 |a Mercereau, Benoit. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2004/080 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2004/080/001.2004.issue-080-en.xml  |z IMF e-Library