This study revisits the growth-finance nexus using a new econometric approach and unique data set. In particular by employing the smooth transition framework and annual time series data for Brazil from 1890 to 2003, we attempt to address on the one side, what is the relationship between...

This article reviews the use of the concept of political instability in economic research, the importance of which has been growing in recent years due to its potentially profound economic consequences. The article explores this concept by working through the definitions, dimensions, and methods...

Our paper inspects empirically the asymmetric impact of daily oil price shocks on the quarterly real domestic product in eight countries during the period (1983-2016). We employ two methodologies OLS and AMIDAS. The OLS technique shows that the positive oil price shocks have a statistically...

Using data for 160 countries for the period 1963-2001, this paper examines the short-run relationship between economic growth and changes in national leaders. To address the potential endogeneity of economic growth, I use exogenous variation in commodity export prices, export partner incomes,...

Previous work has investigated whether political instability has a negative effect on economic growth, with mixed results, largely because political instability can take various forms. Using synthetic control methodology, which constructs a counterfactual in the absence of political instability,...