The Dynamic Effect of Social and Political Instability on Output : The Role of Reforms /

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 o...

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Bibliografiske detaljer
Hovedforfatter: Bernal-Verdugo, Lorenzo E.
Andre forfattere: Furceri, Davide, Guillaume, Dominique
Format: Tidsskrift
Sprog:English
Udgivet: Washington, D.C. : International Monetary Fund, 2013.
Serier:IMF Working Papers; Working Paper ; No. 2013/091
Fag:
Online adgang:Full text available on IMF
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020 |z 9781484381687 
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040 |a BD-DhAAL  |c BD-DhAAL 
100 1 |a Bernal-Verdugo, Lorenzo E. 
245 1 4 |a The Dynamic Effect of Social and Political Instability on Output :   |b The Role of Reforms /  |c Lorenzo E. Bernal-Verdugo, Davide Furceri, Dominique Guillaume. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2013. 
300 |a 1 online resource (41 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 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. 
538 |a Mode of access: Internet 
650 7 |a Crisis, Growth  |2 imf 
650 7 |a Governance Indicator  |2 imf 
650 7 |a Reforms  |2 imf 
650 7 |a Social Conflicts  |2 imf 
650 7 |a WP  |2 imf 
651 7 |a Egypt, Arab Republic of  |2 imf 
700 1 |a Furceri, Davide. 
700 1 |a Guillaume, Dominique. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2013/091 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2013/091/001.2013.issue-091-en.xml  |z IMF e-Library