This paper analyses the economic growth impact of organised political violence. First, we identify the various manifestations of political violence (riots, coups and civil war) and their risk of occurrence by using a multinomial model. Second, we use predicted probabilities of aggregate violence...

High instability and low growth characterise the macroeconomic performance of most developing countries. Inadequate policies are often to blame. This paper documents the empirical regularities that characterise the relationships among macroeconomic/financial policies, instability and growth...