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

Kód výsledku v IS VaVaI

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Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

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

Popis výsledku v původním jazyce

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

Název v anglickém jazyce

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

Popis výsledku anglicky

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

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

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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Počet stran výsledku

14

Strana od-do

1-14

Název nakladatele

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Místo vydání

Tallinn, Estonia

Místo konání akce

Tallinn, Estonia

Datum konání akce

1. 1. 2011

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

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