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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

  • DOI - Digital Object Identifier

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

  • Czech description

Classification

  • Type

    D - Article in proceedings

  • CEP classification

    AH - Economics

  • OECD FORD branch

Result continuities

  • Project

  • 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

  • e-ISSN

  • 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