Format:
Online-Ressource (41 p)
Edition:
Online-Ausg.
ISBN:
1484381688
,
9781484381687
Series Statement:
IMF Working Papers Working Paper No. 13/91
Content:
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
Additional Edition:
Erscheint auch als Druck-Ausgabe Bernal-Verdugo, Lorenzo E The Dynamic Effect of Social and Political Instability on Output: The Role of Reforms Washington, D.C. : International Monetary Fund, 2013 ISBN 9781484381687
Language:
English
DOI:
10.5089/9781484381687.001
