Financial Crisis, Political Instability and Economic Growth
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F11%3A00181004" target="_blank" >RIV/62156489:43110/11:00181004 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Alternative languages
Result language
angličtina
Original language name
Financial Crisis, Political Instability and Economic Growth
Original language description
The new political economics growth theory defines some factors that are necessary for economic growth among which political (in)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 "soft changes" such as government breakdowns, fragile majority or minority governments. Recent financial and economic crisisbringing serious features of political instability in many European countries is a challenge to verify and possibly redefine some theoretical concepts. The aim of our paper is to discuss these issues on the example of CEE countries. The paper uses a single-equation model to reject a hypothesis that elite political instability is an insuperable obstacle to economic development. The model has a form of augmented production function and includes growth rates of capital, exports, and labour
Czech name
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Czech description
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Classification
Type
D - Article in proceedings
CEP classification
AH - Economics
OECD FORD branch
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Result continuities
Project
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Continuities
Z - Vyzkumny zamer (s odkazem do CEZ)
Others
Publication year
2011
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Article name in the collection
Lessons Learned from the Financial Crisis. Proceedings of 13th International Conference on Finance and Banking.
ISBN
978-80-7248-708-0
ISSN
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e-ISSN
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Number of pages
13
Pages from-to
305-317
Publisher name
POLOUČEK, S. and STAVÁREK, D. (ed.)
Place of publication
Karviná: Silesian University
Event location
Ostrava
Event date
Jan 1, 2011
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
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