Bernal-Verdugo, Lorenzo E.; Furceri, Davide; Guillaume, … - International Monetary Fund (IMF) - 2013
The aim of this paper is to analyze the dynamic effect of social and political instability on output. Using a panel of up to 183 countries from 1980 to 2010, the results of the paper suggest that social conflicts have a significant and negative impact on output in the short-term with the...