Narrow Your Choices

Refine By Topic

Refine By Series

Refine By Language

Refine By Date

—

Refine By IMF Taxonomy

Refine By JEL Taxonomy

Refine by LOC Taxonomy

Refine By THEMA Taxonomy

  • Print
  • Save

Middle East and Central Asia > Yemen, Republic of

You are looking at 1 - 1 of 1 items for :

  • Type: Journal Issue x
  • Production; Economic theory x
Clear All Modify Search
Cover IMF Working Papers
The Dynamic Effect of Social and Political Instability on Output: The Role of Reforms
Mr. Lorenzo E. Bernal-Verdugo
,
Davide Furceri
, and
Mr. Dominique M. Guillaume
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.
Keywords:
WP; social conflicts; reforms; crisis; growth; governance indicator; adverse regime changes; governance reform; governance data; level of governance; political system; Production growth; Eastern Europe