Asteriou, Dimitrios; Price, Simon - In: Scottish Journal of Political Economy 48 (2001) 4, pp. 383-99
This paper tests for the influence of political instability on UK economic growth between 1961 and 1997. We construct six variables that quantify political instability and examine the effect on growth. The results suggest that there is a strong link. GARCH-M models reveal negative effects of...