Campos, Nauro (contributor); Karanasos, Menelaos (contributor) - 2008
.g., cabinet changes) has an indirect (through volatility) impact on growth; (iii) the effect of financial development is positive … and, surprisingly, not via volatility; (iv) the informal instability effects are much larger in the short- than in the …-run. -- Economic growth ; financial development ; volatility ; political instability ; power-ARCH …