Political instability hampers growth: IMF research
A paper published by the International Monetary Fund on Thursday finds that higher degrees of political instability are associated with lower growth rates of gross domestic product per capita.
Ari Aisen and Francisco Veiga, the paper's authors, use linear dynamic panel data models on a sample of 169 countries from 1960 to 2004 to analyse the effects of political instability on growth.
Aisen and Veiga find that political instability adversely affects growth by lowering the rates of productivity
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