Aisen, Ari; Veiga, Francisco José - In: European Journal of Political Economy 29 (2013) C, pp. 151-167
The purpose of this paper is to empirically determine the effects of political instability on economic growth. By using the system-GMM estimator for linear dynamic panel data models on a sample covering up to 169 countries, and 5-year periods from 1960 to 2004, we find that higher degrees of...