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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)
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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)
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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)
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skos:notation
| - RIV/62156489:43110/11:00181006!RIV12-MSM-43110___
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http://linked.open...avai/riv/aktivita
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http://linked.open...avai/riv/aktivity
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http://linked.open...vai/riv/dodaniDat
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http://linked.open...aciTvurceVysledku
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http://linked.open.../riv/druhVysledku
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http://linked.open...iv/duvernostUdaju
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http://linked.open...titaPredkladatele
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http://linked.open...dnocenehoVysledku
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http://linked.open...ai/riv/idVysledku
| - RIV/62156489:43110/11:00181006
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http://linked.open...riv/jazykVysledku
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http://linked.open.../riv/klicovaSlova
| - Baltic states; elite political instability; political instability; new political economy; production function; single equation (en)
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http://linked.open.../riv/klicoveSlovo
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http://linked.open...ontrolniKodProRIV
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http://linked.open...in/vavai/riv/obor
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http://linked.open...ichTvurcuVysledku
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http://linked.open...cetTvurcuVysledku
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http://linked.open...UplatneniVysledku
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http://linked.open...iv/tvurceVysledku
| - Grochová, Ladislava
- Kouba, Luděk
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http://linked.open...n/vavai/riv/zamer
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http://localhost/t...ganizacniJednotka
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