Grochová, Ladislava; Kouba, Luděk - Provozně ekonomická fakulta, Mendelova Univerzita v Brnĕ - 2011
The growth theory of new political economy distinguishes two types of political instability - elite (violent coups, riots) and non-elite (non-violent government breakdowns). The purpose of the paper is to show that elite political stability is not a necessary condition for economic growth, i.e....