About: Is 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 economics defines some factors that are necessary for economic growth among which political stability. There are distinguished two types of political instability -- elite and non-elite -- in topical literature. While non-elite political instability concerns about violent coups, riots or civil wars, elite political instability is represented with %22soft changes%22 such as government breakdowns, fragile majority or minority governments. We don't doubt the importance of general political stability for successful economic development. Nevertheless, we don't agree that elite political instability can be understood as an insuperable obstacle for it. Thus, the aim of the paper is to reject the hypothesis that elite political stability is a necessary condition for economic growth. The rejection of the hypothesis has crucial implications both for theory evolution and econo-political decision-making. Our thesis is demonstrated on panel data from the Baltic states where a number of government changes takes place and still fast economic growth could be seen within last two decades. The growth theory of new political economics defines some factors that are necessary for economic growth among which political stability. There are distinguished two types of political instability -- elite and non-elite -- in topical literature. While non-elite political instability concerns about violent coups, riots or civil wars, elite political instability is represented with %22soft changes%22 such as government breakdowns, fragile majority or minority governments. We don't doubt the importance of general political stability for successful economic development. Nevertheless, we don't agree that elite political instability can be understood as an insuperable obstacle for it. Thus, the aim of the paper is to reject the hypothesis that elite political stability is a necessary condition for economic growth. The rejection of the hypothesis has crucial implications both for theory evolution and econo-political decision-making. Our thesis is demonstrated on panel data from the Baltic states where a number of government changes takes place and still fast economic growth could be seen within last two decades. (en)
Title	Is Political Stability a Necessary Condition for Economic Growth? An Empirical Evidence from the Baltic States Is Political Stability a Necessary Condition for Economic Growth? An Empirical Evidence from the Baltic States (en)
skos:prefLabel	Is Political Stability a Necessary Condition for Economic Growth? An Empirical Evidence from the Baltic States Is Political Stability a Necessary Condition for Economic Growth? An Empirical Evidence from the Baltic States (en)
skos:notation	RIV/62156489:43110/11:00203910!RIV14-MSM-43110___
http://linked.open...avai/predkladatel	Provozně ekonomická fakulta
http://linked.open...avai/riv/aktivita	Z
http://linked.open...avai/riv/aktivity	Z(MSM6215648904)
http://linked.open...vai/riv/dodaniDat	2014
http://linked.open...aciTvurceVysledku	Kouba, Luděk Grochová, Ladislava
http://linked.open.../riv/druhVysledku	D - Článek ve sborníku
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	205868
http://linked.open...ai/riv/idVysledku	RIV/62156489:43110/11:00203910
http://linked.open...riv/jazykVysledku	eng - angličtina
http://linked.open.../riv/klicovaSlova	Baltic states; new political economics; single equation; elite political instability; production function; political instability (en)
http://linked.open.../riv/klicoveSlovo	elite political instability new political economics single equation political instability Baltic states production function
http://linked.open...ontrolniKodProRIV	[64E7CF658150]
http://linked.open...v/mistoKonaniAkce	Tallinn, Estonia
http://linked.open...i/riv/mistoVydani	Tallinn, Estonia
http://linked.open...i/riv/nazevZdroje	3rd International Conference %22Economies of Central and Eastern Europe: Convergence, Opportunities and Challanges%22 Conference Proceedings
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...vavai/riv/typAkce	WRD - Světová
http://linked.open.../riv/zahajeniAkce	2011-01-01 (xsd:date)
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
number of pages	14 (xsd:int)
http://purl.org/ne...btex#hasPublisher	Neuveden
https://schema.org/isbn	978-9949-430-50-5
http://localhost/t...ganizacniJednotka	43110

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