Political instability and economic growth in developing economies: some specification empirics

被引：40

作者：

Fosu, AK ^{[1
]}

机构：

[1] AERC, Nairobi, Kenya

来源：

ECONOMICS LETTERS | 2001年 / 70卷 / 02期

关键词：

political instability; growth; specification empirics;

D O I：

10.1016/S0165-1765(00)00357-8

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

The paper empirically explores the specification of the relationship between political instability (PI) and economic growth, using data on different events of coups d'etat in sub-Saharan Africa. It finds that when a principal component of the various PI events is employed in an augmented production function, basic specification tests are met. However, specifying PI using the separate events, such as 'successful' coups, results in a potentially misspecified relationship, reduced model fit, and underestimation of the adverse PI effect. (C) 2001 Elsevier Science B.V. All rights reserved.

引用

页码：289 / 294

页数：6

共 11 条

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Alesina A., 1996, Journal of Economic Growth, V1, P189, DOI [10.1007/BF00138862, DOI 10.1007/BF00138862, DOI 10.3386/W4173]

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