Series: IMF Working Papers
Author(s): Lorenzo E. Bernal-Verdugo , Davide Furceri , and Dominique Guillaume
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 23 April 2013
Keywords: Economic models, Economic growth, Fiscal reforms, Political economy, social conflicts, reforms, crisis, growth, governance, social instability
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 h...