Is Political Stability a Necessary Condition for Economic Growth? An Empirical Evidence from the Baltic States

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F11%3A00203910" target="_blank" >RIV/62156489:43110/11:00203910 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Is Political Stability a Necessary Condition for Economic Growth? An Empirical Evidence from the Baltic States
Original language 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 "soft changes" 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
Czech name
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Czech description
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Publication year
2011
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
3rd International Conference "Economies of Central and Eastern Europe: Convergence, Opportunities and Challanges" Conference Proceedings
ISBN
978-9949-430-50-5
ISSN
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e-ISSN
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Number of pages
14
Pages from-to
1-14
Publisher name
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Place of publication
Tallinn, Estonia
Event location
Tallinn, Estonia
Event date
Jan 1, 2011
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
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