Author: Mr.Ari Aisen
Publisher: International Monetary Fund
ISBN: 1455211907
Category : Business & Economics
Languages : en
Pages : 30
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Book Description
The purpose of this paper is to empirically determine the effects of political instability on economic growth. Using the system-GMM estimator for linear dynamic panel data models on a sample covering up to 169 countries, and 5-year periods from 1960 to 2004, we find that higher degrees of political instability are associated with lower growth rates of GDP per capita. Regarding the channels of transmission, we find that political instability adversely affects growth by lowering the rates of productivity growth and, to a smaller degree, physical and human capital accumulation. Finally, economic freedom and ethnic homogeneity are beneficial to growth, while democracy may have a small negative effect.
Author: Mr. Ari Aisen
Publisher: International Monetary Fund
ISBN: 1455256927
Category : Business & Economics
Languages : en
Pages : 31
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Book Description
The purpose of this paper is to empirically determine the effects of political instability on economic growth. Using the system-GMM estimator for linear dynamic panel data models on a sample covering up to 169 countries, and 5-year periods from 1960 to 2004, we find that higher degrees of political instability are associated with lower growth rates of GDP per capita. Regarding the channels of transmission, we find that political instability adversely affects growth by lowering the rates of productivity growth and, to a smaller degree, physical and human capital accumulation. Finally, economic freedom and ethnic homogeneity are beneficial to growth, while democracy may have a small negative effect.
Author: Hyman P. Minsky
Publisher: McGraw Hill Professional
ISBN: 0071593004
Category : Business & Economics
Languages : en
Pages : 433
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Book Description
“Mr. Minsky long argued markets were crisis prone. His 'moment' has arrived.” -The Wall Street Journal In his seminal work, Minsky presents his groundbreaking financial theory of investment, one that is startlingly relevant today. He explains why the American economy has experienced periods of debilitating inflation, rising unemployment, and marked slowdowns-and why the economy is now undergoing a credit crisis that he foresaw. Stabilizing an Unstable Economy covers: The natural inclination of complex, capitalist economies toward instability Booms and busts as unavoidable results of high-risk lending practices “Speculative finance” and its effect on investment and asset prices Government's role in bolstering consumption during times of high unemployment The need to increase Federal Reserve oversight of banks Henry Kaufman, president, Henry Kaufman & Company, Inc., places Minsky's prescient ideas in the context of today's financial markets and institutions in a fascinating new preface. Two of Minsky's colleagues, Dimitri B. Papadimitriou, Ph.D. and president, The Levy Economics Institute of Bard College, and L. Randall Wray, Ph.D. and a senior scholar at the Institute, also weigh in on Minsky's present relevance in today's economic scene in a new introduction. A surge of interest in and respect for Hyman Minsky's ideas pervades Wall Street, as top economic thinkers and financial writers have started using the phrase “Minsky moment” to describe America's turbulent economy. There has never been a more appropriate time to read this classic of economic theory.
Author: Silvio Borner
Publisher: Springer
ISBN: 1349262846
Category : Political Science
Languages : en
Pages : 403
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Book Description
The state and its institutions are crucial for economic development: for better and for worse. This insight informs this important, up-to-date and authoritative survey of new trends in growth economics and the widely divergent economic performance of developing countries - for example, between Latin America and South-east Asia - which seemed to be similarly placed just a generation ago. The decisive role of the political dimension in economic growth seems clear but there are many challenges to be met in getting an analytical handle on the precise determinants and in testing empirically for this. This is the challenge taken up by the international team of contributors.
Author: Erik Filip Lundberg
Publisher:
ISBN: 9780317097092
Category :
Languages : en
Pages : 433
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Book Description
Author: Douglas W. Arner
Publisher: Cambridge University Press
ISBN: 113946454X
Category : Law
Languages : en
Pages : 331
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Book Description
Financial crises have become an all too common occurrence over the past twenty years, largely as a result of changes in finance brought about by increasing internationalization and integration. As domestic financial systems and economies have become more interlinked, weaknesses can significantly impact not only individual economies but also markets, financial intermediaries, and economies around the world. This volume addresses the twin objectives of financial development in the context of financial stability and the role of law in supporting both. Financial stability (frequently seen as the avoidance of financial crisis) has become an objective of both the international financial architecture and individual economies and central banks. At the same time, financial development is now seen to play an important role in economic growth. In both financial stability and financial development, law and related institutions have a central role.
Author: Alasdair I. MacBean
Publisher: Cambridge : Harvard University Press, 1966 [i.e. 1967]
ISBN:
Category : Business & Economics
Languages : en
Pages : 376
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Book Description
Author: Erik Lundberg
Publisher:
ISBN: 9780608107257
Category :
Languages : en
Pages : 449
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Book Description
Author:
Publisher: Hoover Press
ISBN: 9780817943431
Category : Economic development
Languages : en
Pages : 28
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Book Description
Author: Dipak K. Gupta
Publisher: Routledge
ISBN: 1135982821
Category : Political Science
Languages : en
Pages : 304
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Book Description
This book explains the lifecycle of terrorist organizations from an innovative theoretical perspective, combining economics with social psychology. It provides a new approach to understanding human behaviour in organized society, and then uses this to analyze the forces shaping the lifecycle of violent political movements. Economic and rational-choice theorists assume that human beings are motivated only by self-utility, yet terrorism is ultimately an altruistic act in the eyes of its participants. This book highlights the importance of the desire to belong to a group as a motivating factor, and argues that all of us face an eternal trade-off between selfishness and community concern. This hypothesis is explored through four key groups; the IRA in Northern Ireland, Al Qaeda, Hamas, and the Naxalites in India. Through this, the book analyzes the birth, growth, transformation and demise of violent political movements, and ends with an analysis of the conditions which determine the outcome of the war against terrorism. Understanding Terrorism and Political Violence will be essential reading for advanced students of terrorism studies and political science, and of great interest to students of social psychology and sociology.
