About: Is Elite Political Stability a Necessary Condition for Economic Growth? An Empirical Evidence from the Baltic States

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rdf:type	skos:Concept http://linked.opendata.cz/ontology/domain/vavai/Vysledek
Description	The growth theory of new political economy distinguishes two types of political instability -- elite (violent coups, riots) and non-elite (non-violent government breakdowns). The purpose of the paper is to show that elite political stability is not a necessary condition for economic growth, i.e. we cast a doubt on a generality of growth theory when considering not exact term of political stability. Our hypothesis is tested on panel data from the Baltic states where a number of government changes has taken place and still fast economic growth can be seen over the last two decades. A dynamic ordinary least square (DOLS) model is used to estimate production function augmented with an elite political instability variable. Since it is shown that elite political instability has a negligible impact on economic growth, we consider the hypothesis regarding the necessity of political stability for economic development to be only a specific non-generalizable case, emphasizing the necessity of distinguishing elite and non-elite political instability. The growth theory of new political economy distinguishes two types of political instability -- elite (violent coups, riots) and non-elite (non-violent government breakdowns). The purpose of the paper is to show that elite political stability is not a necessary condition for economic growth, i.e. we cast a doubt on a generality of growth theory when considering not exact term of political stability. Our hypothesis is tested on panel data from the Baltic states where a number of government changes has taken place and still fast economic growth can be seen over the last two decades. A dynamic ordinary least square (DOLS) model is used to estimate production function augmented with an elite political instability variable. Since it is shown that elite political instability has a negligible impact on economic growth, we consider the hypothesis regarding the necessity of political stability for economic development to be only a specific non-generalizable case, emphasizing the necessity of distinguishing elite and non-elite political instability. (en)
Title	Is Elite Political Stability a Necessary Condition for Economic Growth? An Empirical Evidence from the Baltic States Is Elite Political Stability a Necessary Condition for Economic Growth? An Empirical Evidence from the Baltic States (en)
skos:prefLabel	Is Elite Political Stability a Necessary Condition for Economic Growth? An Empirical Evidence from the Baltic States Is Elite Political Stability a Necessary Condition for Economic Growth? An Empirical Evidence from the Baltic States (en)
skos:notation	RIV/62156489:43110/11:00181006!RIV12-MSM-43110___
http://linked.open...avai/riv/aktivita	Z
http://linked.open...avai/riv/aktivity	Z(MSM6215648904)
http://linked.open...vai/riv/dodaniDat	2012
http://linked.open...aciTvurceVysledku	Kouba, Luděk Grochová, Ladislava
http://linked.open.../riv/druhVysledku	O - Ostatní výsledky nezařaditelné do žádného z výše uvedených druhů výsledku
http://linked.open...iv/duvernostUdaju	S - Úplné a pravdivé údaje nepodléhající ochraně podle zvláštních právních předpisů
http://linked.open...titaPredkladatele	Mendelova univerzita v Brně / Provozně ekonomická fakulta
http://linked.open...dnocenehoVysledku	205859
http://linked.open...ai/riv/idVysledku	RIV/62156489:43110/11:00181006
http://linked.open...riv/jazykVysledku	eng - angličtina
http://linked.open.../riv/klicovaSlova	Baltic states; elite political instability; political instability; new political economy; production function; single equation (en)
http://linked.open.../riv/klicoveSlovo	elite political instability single equation new political economy political instability Baltic states production function
http://linked.open...ontrolniKodProRIV	[32987BEE7AE0]
http://linked.open...in/vavai/riv/obor	AH
http://linked.open...ichTvurcuVysledku	2 (xsd:int)
http://linked.open...cetTvurcuVysledku	2 (xsd:int)
http://linked.open...UplatneniVysledku	2011
http://linked.open...iv/tvurceVysledku	Grochová, Ladislava Kouba, Luděk
http://linked.open...n/vavai/riv/zamer	The Czech Economy in the Process of Integration and Globalisation, and the Development of Agricultural Sector and the Sector of Services under the New Conditions of the Integrated European Market
http://localhost/t...ganizacniJednotka	43110

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