| Description |
1 online resource : color illustrations |
| Series |
IMF working paper ; WP/13/91 |
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IMF working paper ; WP/13/91.
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| Contents |
Cover; The Dynamic Effect of Social and Political Instability on Output: The Role of Reforms; 1. Introduction; 2. Data and descriptive statistics; 3. Empirical Analysis; 3.1 Short-term; 3.2 Medium-term; 3.3 The Effect of Reforms; 3.3.1 Governance and probability of political instability; 3.3.2 Governance, induced political instability and growth; 4. Conclusions and Policy Implications; References; Annex-Data Description; Table; Table 1. Summary Statistics; Table 2. The contemporaneous effect of social conflicts on output-OLS |
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Table 3. The contemporaneous effect of social conflicts on output-OLSTable 4. The contemporaneous effect of social conflicts on output-OLS; Table 5. The contemporaneous effect of social conflicts on output-GMM; Figure; Figure 1. Evolution of cabinet changes across regions; Figure 2. Co-movement of different social instability indicators; Figure 3. Contemporaneous growth and cabinet changes; Figure 4. Medium-term output changes and cabinet changes; Figure 5. The dynamic effect of cabinet changes on output (percentage points) |
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Figure 6. The dynamic effect of cabinet changes on output (percentage points) -- Robustness checkFigure 7. The dynamic effect of cabinet changes on output (percentage points) -- Robustness check; Figure 8. The dynamic effect of social instability indicators on output (percentage points); Figure 9. The dynamic effect of cabinet changes conditioning for reforms in governance (percentage points); Figure 10. The dynamic effect of social instability conditioning for reforms in governance -within 2 years (percentage points) |
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Figure 11. The dynamic effect of cabinet changes conditioning for reforms in governance (percentage points)-Instrumental VariablesAppendix; Figure A1. The dynamic effect of cabinet changes conditioning for reforms in product markets (percentage points); Figure A2. The dynamic effect of cabinet changes conditioning for reforms in labor markets (percentage points) |
| Summary |
"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"--Abstract |
| Notes |
Title from PDF title page (IMF Web site, viewed Apr. 29, 2013) |
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"Research Department." |
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"April 2013." |
| Bibliography |
Includes bibliographical references (pages 15-16) |
| Subject |
Social conflict -- Economic aspects
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Industrial productivity.
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Political development.
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Civil war.
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civil wars.
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Civil war
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Industrial productivity
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Political development
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Social conflict -- Economic aspects
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| Form |
Electronic book
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| Author |
Furceri, Davide.
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Guillaume, Dominique
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International Monetary Fund, issuing body.
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| ISBN |
9781484312865 |
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1484312864 |
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9781484381687 |
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1484381688 |
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