Financial Crisis, Political Instability and Economic Growth

Kód výsledku v 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>

Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Financial Crisis, Political Instability and Economic Growth

Popis výsledku v původním jazyce

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

Název v anglickém jazyce

Financial Crisis, Political Instability and Economic Growth

Popis výsledku anglicky

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

Druh

D - Stať ve sborníku

CEP obor

AH - Ekonomie

OECD FORD obor

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Projekt

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Návaznosti

Z - Vyzkumny zamer (s odkazem do CEZ)

Rok uplatnění

2011

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

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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Počet stran výsledku

13

Strana od-do

305-317

Název nakladatele

POLOUČEK, S. and STAVÁREK, D. (ed.)

Místo vydání

Karviná: Silesian University

Místo konání akce

Ostrava

Datum konání akce

1. 1. 2011

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

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