D7 - Analysis of Collective Decision-Making > D73 - Bureaucracy ; Administrative Processes in Public Organizations ; Corruption, O - Economic Development, Innovation, Technological Change, and Growth > O4 - Economic Growth and Aggregate Productivity > O42 - Monetary Growth Models, E - Macroeconomics and Monetary Economics > E3 - Prices, Business Fluctuations, and Cycles > E31 - Price Level ; Inflation ; Deflation, H - Public Economics > H6 - National Budget, Deficit, and Debt, https://mpra.ub.uni-muenchen.de/id/eprint/35584, Consequences of Political Instability, Governance and Bureaucratic Corruption on Inflation and Growth: The Case of Pakistan, Political Instability; Governance; Corruption; Inflation; Growth. ", Ari Aisen & Francisco José Veiga, 2006. natural and human-made (FAO/WFP, 2010). Distribution and Development in a Model of Misgovernance. IMF Staff Papers, 48: 1–21. However, there is a paucity of studies about the effects of conflicts and political instability on the banking sector. Blackburn, K., and Powell, J. Khawaja, M. I., and Khan, S. (2009). The fiscal theory of price level. On some economic consequences of political instability - This article considers the channels through which political uncertainty, a global epidemic of late, affects the economy, often with far reaching effects. Barro, R. J., and Lee, J. W. (2010). Section Institutions and Decision-Making. "Consequences of Political Instability, Governance and Bureaucratic Corruption on Inflation and Growth: The Case of Pakistan," MPRA Paper 35584, University Library of Munich, Germany. ", Choudhary, M. Ali & Hanif, M. Nadim & Khan, Sajawal & Rehman, Muhammad, 2010. When the political situation of a state or region is not certain because it has a high possibility of changing or getting disturbed, then we say there is political instability … Barro, R. J. ", M. Idrees Khawaja & Sajawal Khan, 2009. A second is to focus on the incidence of political upheaval or violence in a society, such as assassinations, demonstrations, and so forth. It has been a major hurdle in the development of Pakistan. Edwards, S., and Tabellini, G. (1991). ", Robert J. Barro & David B. Gordon, 1983. Political Instability Political instability in home countries makes people to loose confidence in their governments and future prospects for a better life. Political Business Cycle. A … This allows to link your profile to this item. Also, the occurrence of a government change increases the likelihood of subsequent changes. Del Monte, A., and Papagni, E. (2001). ", Del Monte, Alfredo & Papagni, Erasmo, 2001. North, D. C. (1990). H. R. (1997). http://www.pide.org.pk/pdf/PDR/2011/Volume4/773-807.pdf, Consequences of Political Instability, Governance and Bureaucratic Corruption on Inflation and Growth: The Case of Pakistan, The Optimal Degree of Commitment to an Intermediate Monetary Target, A Positive Theory of Monetary Policy in a Natural Rate Model, A Positive Theory of Monetary Policy in a Natural-Rate Model, Rules, discretion and reputation in a model of monetary policy, Rules, Discretion and Reputation in a Model of Monetary Policy, Does Institutions Effect Growth in Pakistan? Some of these indices have been developed primarily for academic or policy purposes, such as the POLITY indices and the World Bankgovernance indices. 37, State Bank of Pakistan. Siddiqui, D. A. and Ahmed, Q. M. (2010b). Journal of Time Series Analysis, 7: 51 – 72. ", Abdul Qayyum & Idrees Khawaja & Asma Hyder, 2008. Kyklos, 57: 429 – 456. Journal of European Economic Association, 3: 259-267. By itself, unemployment cannot explain the occurrence of political violence and armed conflict. Journal of Econometrics, 27: 79 – 97. On some economic consequences of political instability - This article considers the channels through which political uncertainty, a global epidemic of … Econometrica, 57: 357 – 384. Institutions, institutional change and economic performance. Threshold Effects in the Relationship between Inflation and Growth. Some Monetary Facts. & Gordon, David B., 1983. In America: * Get money out of politics. Power Dynamics, Institutional Instability and Economic Growth: The Case of Pakistan. To prove this I perform a two country comparison on Indonesia and Malaysia, focusing on three specific regions; Aceh and Kalimantan, Indonesia and … Journal of Political Economy, 98: 893 – 921. Journal of Political Economy, 85: 473 – 493. Timeline: the Rise, Spread, and Fall of the Islamic State. The American Economist, 48: 9 – 16. Our members are universities across the globe and the scholars who work and study within them; membership benefits both the individual and the institution. We discussed GDP per capita and their impact on economic growth. Econometric Theory, 16: 23 – 43. Economic Letters, 66: 199 – 202. International Research Journal of Finance and Economics, 56: 179 – 192. (1990). The resultant negative consequences of political instability in the African countries are the increase of inflation. Cambridge: Cambridge University Press. Princeton, NJ: Princeton University Press. The other consequences, such as the start of Pacific War, the Allied Occupation, were mainly the result of the rise of militarists. Also, the occurrence of a government change increases the likelihood of subsequent changes. Sharp analyses of topical news from a political science perspective, research summaries and the latest expert thinking in a blog format. The Review of Economic Studies, 55: 1 – 16. ", Barro, Robert J. Romer, P. (1986). (2005). Public Finance in Models of Economic Growth. ", Lorenzo Pellegrini & Reyer Gerlagh, 2004. Journal of Economic Literature, 40: 837 – 880. Membership. Kydland, F. E., and Prescott, E. C. (1977). ", Robert E. Hall & Charles I. Jones, 1998. Past famines in Ethiopia (1972 73 and 1984 Why do some countries produce so much more output per worker than others? A comparison of Pakistan’s economic performance during different regimes shows that macroeconomic fundamentals tend to show an improvement during the autocratic regimes as compared with those prevailing during democratic regimes. ", Robert J. Barro & Xavier Sala-I-Martin, 1992. Does Political Instability Lead to Higher Inflation? Tanzi, V., and Davoodi. It has been a major hurdle in the development of Pakistan. (1995). Vegh, C. (1989). (1992). Among the main causes is economic instability, and one of the most important consequences was the recognition of human rights. A Panel Data Analysis. Consequences of Political Instability, Governance and Bureaucratic Corruption on Inflation and Growth: The Case of Pakistan Haider, Adnan and Din, Musleh ud and Ghani, Ejaz (2011): Consequences of Political Instability, Governance and Bureaucratic Corruption on … This can also lead to government dysfunctionality and weakening of institutions. Corruption, Public Investment, and Growth. (2011). (1991). Political instability occurs when there is a sudden change. Stationarity of Multivariate Markov-Switching ARMA Models, Journal of Econometrics, 102: 339 – 364. ", Alex Cukierman & Sebastian Edwards & Guido Tabellini, 1989. ", Erdinc Telatar & Funda Telatar & Tarkan Cavusoglu & Umur Tosun, 2010. 50(4), pages 773-807. ", Khan, Safdar Ullah & Saqib, Omar Farooq, 2011. Journal of Money, Credit and Banking, 38: 1379 – 1389. ", Engel, Charles & Hamilton, James D, 1990. The standard definition of political instability is the propensity of a government collapse either because of conflicts or rampant competition between various political parties. (2008). The analysis of the consequences of socio-political instability has been a central theme in recent macroeconomic research, in general, and in the economic growth literature, in particular.There are two different views on the nature of the relationship between political instability and growth. Hamilton, J. D. (1989). Corruption and Military Spending. 270, International Monetary Fund. How Taxing is Corruption on International Investors? Rules Rather Than Discretion: The Inconsistency of Optimal Plans. (1999). Journal of International Economics, 70: 239 – 252. ", Drazen, Allan & Alesina, Alberto, 1988. The resulting political instability could further bring Pakistan closer to being placed on the FATF black-list. G. F. (2007). Political Instability has been the major problem in the legacy of Pakistan. Reformers must focus on strengthening political party systems, anti-corruption institutions, judicial branches, and civil society organizations to protect and fortify democracy. A. Acemoglu, D. (1995). ", Robert E. Hall & Charles I. Jones, 1999. Phelps, E. (1973). Find out more about our Blog. ", Patrick A. Imam & Davina F. Jacobs, 2007. In particular, periods of autocratic regimes are typically characterised by low inflation, robust growth and low level of bureaucratic corruption due to better governance. The American Political Science Review, 71: 1467 – 1487. Eight Questions about Corruption. Zakaria, M. and Fida, B. Bernard Steunenberg. Consequences of Political Instability, Governance and Bureaucratic Corruption on Inflation and Growth: The Case of Pakistan Haider, Adnan and Din, Musleh ud and Ghani, Ejaz Monetary Policy Department, State Bank of Pakistan, Karachi, Pakistan, Pakistan Institute of Development Economics, Islamabad, Pakistan. Haider, Adnan and Din, Musleh ud and Ghani, Ejaz Baumol, W.J. Seigniorage and Political Instability. Institutions as the fundamental causes of long-run growth. The consequences of the social instability during the 1920s and early 1930s were significant. Departments of Political Science and Public Administration, Universiteit Leiden. Wei, S. (2000). (2008). An empirical investigation. The problem of political instability generates more serious for a society which is multi Barro, R., and Sala-i-Martin, X. European Journal of Political Economy, 17: 1 – 16. & Barro, R.J., 1991. Working Paper No.135, International Monetary Fund. Nordhaus, W. D. (1975). ", Barro, Robert J & Gordon, David B, 1983. Second Ed., Oxford University Press, Karachi, Pakistan. A New Data Set of Education Attainment in the World, 1950 – 2010. ", Gupta, Sanjeev & de Mello, Luiz & Sharan, Raju, 2001. Corruption’s Effect on Growth and its Transmission Channels. (1993). Political instability tends to be persistent. Cosslett, S. R., and Lee, L. F. (1985). This problem is associated with a series of problems in various fields. There have been numerous studies investigating the possible relationship between political instability and economic growth. Reinikka, R., and Svensson, J. Tjøstheim, D. (1986). Public Finance in Models of Economic Growth, Reward structures and the allocation of talent, Reward Structures and the Allocation of Talent, A New Approach to the Economic Analysis of Nonstationary Time Series and the Business Cycle. Consequences of Political Instability, Governance and Bureaucratic Corruption on Inflation and Growth: The Case of Pakistan. Hussain, A. Yang, M. X. Modern Hyper- and High Inflations. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation. Kim, C. J., and Nelson, C. R. (1999). (1983b). Political instability was accentuated by military intervention into the politics and governance of the countries. Review of Economics and Statistics, 82: 1 – 11. Corruption and Inflation. (1985). Ghura, D. (1998). ", Acemoglu, Daron & Johnson, Simon & Robinson, James & Thaicharoen, Yunyong, 2003. Macroeconomic Policy in a Two-Party System as a repeated Game. ", Khan, Safdar Ullah & Saqib, Omar Farooq, 2008. Consequences of Political Instability, Governance and Bureaucratic Corruption on Inflation and Growth: The Case of Pakistan Adnan Haider, Musleh ud Din and Ejaz Ghani "Countries that have pursued distortionary macroeconomic policies, including high inflation, … American Economic Review, 75: 530 – 538. Gupta, S., de Mello, L., and Sharan, R. (2001). In (Eds), Handbook of Economic Growth. Pakistan Development Review, 48: 241 – 267. Organizations with global sourcing needs must understand the potential negative impact political instability can have on productivity, quality, and relationships and create strategies to mitigate risk. The above studies are mostly empirical in nature and lack theoretical foundations without which it is difficult to explain how governance, democracy, political instability… Panel Co-Chair. On Entrepreneurship, Growth and Rent-seeking: Henry George Updated. The Incidence and Persistence of Corruption in Economic Development. Journal of Economic Perspectives, 19: 19 – 42. Ge 317b6641p001 Dimensions, 13117 Homosassa River, Cochise Hatchback Lyrics, Is A 61 Key Keyboard Good For Beginners, Sony Camcorders Canada, Cancer Survival Data Sets, Fake Hydrangeas In Vase, Best Food At Yard House Reddit, " />

"Consequences of Political Instability, Governance and Bureaucratic Corruption on Inflation and Growth: The Case of Pakistan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. (1991). Khan, M. S., and Senhadji, A. S. (2001). ", Stanley Fischer & Ratna Sahay & Carlos A. Vegh, 2002. Civil wars, political instability, and poverty kill millions of people every year. Sometimes, natural disasters can be a source of significant political instability such as the 2010 Haiti earthquake. Political instability proved to be the most stubborn, with average recovery times of 22.2 months and a minimum of 10 months. Corruption, Inflation and Growth. Siddiqui, D. A. and Ahmed, Q. M. (2010a). Political Consequences of Hunger: Africa south of the Sahara 2008-2011; ... Policy Responses to Food Riots and Political Instability; Discussion and Analysis: From the year, 2007 and 2008 many countries, especially the developing countries, faced the financial crises around the world including Japan, Middle East, China etc. (2006). Davis, G., and Kanago, B. Political stability according to David Sanders is the discontinuity of a system or the frequency of unstable of unstable events in a political system (sanders 1981:49).Political instability has become a common place in Nigeria’s socio-economic and political society due to the heterogeneous background in which she is composed of. University of Essex. Hall, R. E., and Jones, C. I. Murphy, K. M., Shleifer, A., and Vishny, R.W. ", By Mohsin S. Khan & Abdelhak S. Senhadji, 2001. ", Blackburn, Keith & Forgues-Puccio, Gonzalo F., 2007. Some Properties of Vector Autoregressive Processes with Markov-Switching Coefficients. Imam, P. A. and Jacobs, D. F. (2007). the various RePEc services. For example, the economic indicators of the Zimbabwe indicate that the rate of inflation is so high that it has led to erosion of capital of the banks in the country. Putterman Louis "Increasing Returns and Long-run Growth," Journal of Political … "Consequences of Political Instability, Governance and Bureaucratic Corruption on Inflation and Growth: The Case of Pakistan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. that political instability results in fiscal deficits, and this happens because political instability gives the government an incentive to implement a myopic fiscal policy in order to increase its chances of remaining in office. Are they in the data and do markets know it? Growth Diagnostic in Pakistan, European Journal of Scientific Research, 24: 433 – 450. Huang, H., and Wie, Shang-Jin. Acemoglu, D., Johnson, S., and Robinson, J. We use cookies to make interactions with our website easy and meaningful, to better understand the use of our services, and to tailor advertising. Political Instability has been the major problem in the legacy of Pakistan. Unpublished manuscript. as Romer, Paul M, 1986. ", Blackburn, Keith & Forgues-Puccio, Gonzalo F., 2005. A New Approach to the Economic Analysis of Nonstationary Time Series and the Business Cycle. The causes and consequences of the French Revolution They reflect the convulsive society of the time. Francq, C., and Zakoïan, J. M. (2001). Journal of Econometrics, 1: 3 – 16. The Allocation of Talent: Implications for Growth. Economic Consequences of the Intifada: Investment and Political Instability in Israel David Fielding Department of Economics, University of Leicester, University Road, Leicester LE1 7RH, UK* Abstract We construct a time-series model of investment in Israel that incorporates both traditional economic factors derived from a theoretical Sometimes, natural disasters can be a source of significant political instability such as the 2010 Haiti earthquake. & Sala-i-Martin, Xavier, 1992. Political instability can be caused by many factors, including conflict between rival parties, insufficient resources and the proximity to other nations in conflict. A Positive Theory of Monetary Policy in a Natural Rate Model. Political instability can be the consequence of either kind of disaster. Acemoglu, D., Johnson, S., Robinson, J. and Thaicharoen, Y. Backus, D., and Driffill, J. Causes and Consequences of Political Instability. ", Alesina, Alberto F & Tabellini, Guido, 1988. Tanzi, V., and Davoodi. ", Sala-I-Martin, X. Jones, C.I. (1989). ", Alesina, Alberto & Drazen, Allan, 1991. All material on this site has been provided by the respective publishers and authors. The main reason for political instability, imo, is the system of legalized corruption we have in place in the U.S. If there is one thing that business leaders and entrepreneurs hate that is instability in the macro environment. ", Robert J. Barro & David B. Gordon, 2019. Why do Some Countries Produce So Much More Output Per Worker than Others? (2010). Gupta S., Davoodi, H. and Tiongson E. (2000). Working Paper No. ", Charles T. Carlstrom & Timothy S. Fuerst, 2000. You can help correct errors and omissions. (2000). NBER working paper: 15902. Political instability is defined as the process whereby the political life or atmosphere of a country or nation suddenly changes or fails. D - Microeconomics > D7 - Analysis of Collective Decision-Making > D73 - Bureaucracy ; Administrative Processes in Public Organizations ; Corruption, O - Economic Development, Innovation, Technological Change, and Growth > O4 - Economic Growth and Aggregate Productivity > O42 - Monetary Growth Models, E - Macroeconomics and Monetary Economics > E3 - Prices, Business Fluctuations, and Cycles > E31 - Price Level ; Inflation ; Deflation, H - Public Economics > H6 - National Budget, Deficit, and Debt, https://mpra.ub.uni-muenchen.de/id/eprint/35584, Consequences of Political Instability, Governance and Bureaucratic Corruption on Inflation and Growth: The Case of Pakistan, Political Instability; Governance; Corruption; Inflation; Growth. ", Ari Aisen & Francisco José Veiga, 2006. natural and human-made (FAO/WFP, 2010). Distribution and Development in a Model of Misgovernance. IMF Staff Papers, 48: 1–21. However, there is a paucity of studies about the effects of conflicts and political instability on the banking sector. Blackburn, K., and Powell, J. Khawaja, M. I., and Khan, S. (2009). The fiscal theory of price level. On some economic consequences of political instability - This article considers the channels through which political uncertainty, a global epidemic of late, affects the economy, often with far reaching effects. Barro, R. J., and Lee, J. W. (2010). Section Institutions and Decision-Making. "Consequences of Political Instability, Governance and Bureaucratic Corruption on Inflation and Growth: The Case of Pakistan," MPRA Paper 35584, University Library of Munich, Germany. ", Choudhary, M. Ali & Hanif, M. Nadim & Khan, Sajawal & Rehman, Muhammad, 2010. When the political situation of a state or region is not certain because it has a high possibility of changing or getting disturbed, then we say there is political instability … Barro, R. J. ", M. Idrees Khawaja & Sajawal Khan, 2009. A second is to focus on the incidence of political upheaval or violence in a society, such as assassinations, demonstrations, and so forth. It has been a major hurdle in the development of Pakistan. Edwards, S., and Tabellini, G. (1991). ", Robert J. Barro & David B. Gordon, 1983. Political Instability Political instability in home countries makes people to loose confidence in their governments and future prospects for a better life. Political Business Cycle. A … This allows to link your profile to this item. Also, the occurrence of a government change increases the likelihood of subsequent changes. Del Monte, A., and Papagni, E. (2001). ", Del Monte, Alfredo & Papagni, Erasmo, 2001. North, D. C. (1990). H. R. (1997). http://www.pide.org.pk/pdf/PDR/2011/Volume4/773-807.pdf, Consequences of Political Instability, Governance and Bureaucratic Corruption on Inflation and Growth: The Case of Pakistan, The Optimal Degree of Commitment to an Intermediate Monetary Target, A Positive Theory of Monetary Policy in a Natural Rate Model, A Positive Theory of Monetary Policy in a Natural-Rate Model, Rules, discretion and reputation in a model of monetary policy, Rules, Discretion and Reputation in a Model of Monetary Policy, Does Institutions Effect Growth in Pakistan? Some of these indices have been developed primarily for academic or policy purposes, such as the POLITY indices and the World Bankgovernance indices. 37, State Bank of Pakistan. Siddiqui, D. A. and Ahmed, Q. M. (2010b). Journal of Time Series Analysis, 7: 51 – 72. ", Abdul Qayyum & Idrees Khawaja & Asma Hyder, 2008. Kyklos, 57: 429 – 456. Journal of European Economic Association, 3: 259-267. By itself, unemployment cannot explain the occurrence of political violence and armed conflict. Journal of Econometrics, 27: 79 – 97. On some economic consequences of political instability - This article considers the channels through which political uncertainty, a global epidemic of … Econometrica, 57: 357 – 384. Institutions, institutional change and economic performance. Threshold Effects in the Relationship between Inflation and Growth. Some Monetary Facts. & Gordon, David B., 1983. In America: * Get money out of politics. Power Dynamics, Institutional Instability and Economic Growth: The Case of Pakistan. To prove this I perform a two country comparison on Indonesia and Malaysia, focusing on three specific regions; Aceh and Kalimantan, Indonesia and … Journal of Political Economy, 98: 893 – 921. Journal of Political Economy, 85: 473 – 493. Timeline: the Rise, Spread, and Fall of the Islamic State. The American Economist, 48: 9 – 16. Our members are universities across the globe and the scholars who work and study within them; membership benefits both the individual and the institution. We discussed GDP per capita and their impact on economic growth. Econometric Theory, 16: 23 – 43. Economic Letters, 66: 199 – 202. International Research Journal of Finance and Economics, 56: 179 – 192. (1990). The resultant negative consequences of political instability in the African countries are the increase of inflation. Cambridge: Cambridge University Press. Princeton, NJ: Princeton University Press. The other consequences, such as the start of Pacific War, the Allied Occupation, were mainly the result of the rise of militarists. Also, the occurrence of a government change increases the likelihood of subsequent changes. Sharp analyses of topical news from a political science perspective, research summaries and the latest expert thinking in a blog format. The Review of Economic Studies, 55: 1 – 16. ", Barro, Robert J. Romer, P. (1986). (2005). Public Finance in Models of Economic Growth. ", Lorenzo Pellegrini & Reyer Gerlagh, 2004. Journal of Economic Literature, 40: 837 – 880. Membership. Kydland, F. E., and Prescott, E. C. (1977). ", Robert E. Hall & Charles I. Jones, 1998. Past famines in Ethiopia (1972 73 and 1984 Why do some countries produce so much more output per worker than others? A comparison of Pakistan’s economic performance during different regimes shows that macroeconomic fundamentals tend to show an improvement during the autocratic regimes as compared with those prevailing during democratic regimes. ", Robert J. Barro & Xavier Sala-I-Martin, 1992. Does Political Instability Lead to Higher Inflation? Tanzi, V., and Davoodi. It has been a major hurdle in the development of Pakistan. (1995). Vegh, C. (1989). (1992). Among the main causes is economic instability, and one of the most important consequences was the recognition of human rights. A Panel Data Analysis. Consequences of Political Instability, Governance and Bureaucratic Corruption on Inflation and Growth: The Case of Pakistan Haider, Adnan and Din, Musleh ud and Ghani, Ejaz (2011): Consequences of Political Instability, Governance and Bureaucratic Corruption on … This can also lead to government dysfunctionality and weakening of institutions. Corruption, Public Investment, and Growth. (2011). (1991). Political instability occurs when there is a sudden change. Stationarity of Multivariate Markov-Switching ARMA Models, Journal of Econometrics, 102: 339 – 364. ", Alex Cukierman & Sebastian Edwards & Guido Tabellini, 1989. ", Erdinc Telatar & Funda Telatar & Tarkan Cavusoglu & Umur Tosun, 2010. 50(4), pages 773-807. ", Khan, Safdar Ullah & Saqib, Omar Farooq, 2011. Journal of Money, Credit and Banking, 38: 1379 – 1389. ", Engel, Charles & Hamilton, James D, 1990. The standard definition of political instability is the propensity of a government collapse either because of conflicts or rampant competition between various political parties. (2008). The analysis of the consequences of socio-political instability has been a central theme in recent macroeconomic research, in general, and in the economic growth literature, in particular.There are two different views on the nature of the relationship between political instability and growth. Hamilton, J. D. (1989). Corruption and Military Spending. 270, International Monetary Fund. How Taxing is Corruption on International Investors? Rules Rather Than Discretion: The Inconsistency of Optimal Plans. (1999). Journal of International Economics, 70: 239 – 252. ", Drazen, Allan & Alesina, Alberto, 1988. The resulting political instability could further bring Pakistan closer to being placed on the FATF black-list. G. F. (2007). Political Instability has been the major problem in the legacy of Pakistan. Reformers must focus on strengthening political party systems, anti-corruption institutions, judicial branches, and civil society organizations to protect and fortify democracy. A. Acemoglu, D. (1995). ", Robert E. Hall & Charles I. Jones, 1999. Phelps, E. (1973). Find out more about our Blog. ", Patrick A. Imam & Davina F. Jacobs, 2007. In particular, periods of autocratic regimes are typically characterised by low inflation, robust growth and low level of bureaucratic corruption due to better governance. The American Political Science Review, 71: 1467 – 1487. Eight Questions about Corruption. Zakaria, M. and Fida, B. Bernard Steunenberg. Consequences of Political Instability, Governance and Bureaucratic Corruption on Inflation and Growth: The Case of Pakistan Haider, Adnan and Din, Musleh ud and Ghani, Ejaz Monetary Policy Department, State Bank of Pakistan, Karachi, Pakistan, Pakistan Institute of Development Economics, Islamabad, Pakistan. Haider, Adnan and Din, Musleh ud and Ghani, Ejaz Baumol, W.J. Seigniorage and Political Instability. Institutions as the fundamental causes of long-run growth. The consequences of the social instability during the 1920s and early 1930s were significant. Departments of Political Science and Public Administration, Universiteit Leiden. Wei, S. (2000). (2008). An empirical investigation. The problem of political instability generates more serious for a society which is multi Barro, R., and Sala-i-Martin, X. European Journal of Political Economy, 17: 1 – 16. & Barro, R.J., 1991. Working Paper No.135, International Monetary Fund. Nordhaus, W. D. (1975). ", Barro, Robert J & Gordon, David B, 1983. Second Ed., Oxford University Press, Karachi, Pakistan. A New Data Set of Education Attainment in the World, 1950 – 2010. ", Gupta, Sanjeev & de Mello, Luiz & Sharan, Raju, 2001. Corruption’s Effect on Growth and its Transmission Channels. (1993). Political instability tends to be persistent. Cosslett, S. R., and Lee, L. F. (1985). This problem is associated with a series of problems in various fields. There have been numerous studies investigating the possible relationship between political instability and economic growth. Reinikka, R., and Svensson, J. Tjøstheim, D. (1986). Public Finance in Models of Economic Growth, Reward structures and the allocation of talent, Reward Structures and the Allocation of Talent, A New Approach to the Economic Analysis of Nonstationary Time Series and the Business Cycle. Consequences of Political Instability, Governance and Bureaucratic Corruption on Inflation and Growth: The Case of Pakistan. Hussain, A. Yang, M. X. Modern Hyper- and High Inflations. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation. Kim, C. J., and Nelson, C. R. (1999). (1983b). Political instability was accentuated by military intervention into the politics and governance of the countries. Review of Economics and Statistics, 82: 1 – 11. Corruption and Inflation. (1985). Ghura, D. (1998). ", Acemoglu, Daron & Johnson, Simon & Robinson, James & Thaicharoen, Yunyong, 2003. Macroeconomic Policy in a Two-Party System as a repeated Game. ", Khan, Safdar Ullah & Saqib, Omar Farooq, 2008. Consequences of Political Instability, Governance and Bureaucratic Corruption on Inflation and Growth: The Case of Pakistan Adnan Haider, Musleh ud Din and Ejaz Ghani "Countries that have pursued distortionary macroeconomic policies, including high inflation, … American Economic Review, 75: 530 – 538. Gupta, S., de Mello, L., and Sharan, R. (2001). In (Eds), Handbook of Economic Growth. Pakistan Development Review, 48: 241 – 267. Organizations with global sourcing needs must understand the potential negative impact political instability can have on productivity, quality, and relationships and create strategies to mitigate risk. The above studies are mostly empirical in nature and lack theoretical foundations without which it is difficult to explain how governance, democracy, political instability… Panel Co-Chair. On Entrepreneurship, Growth and Rent-seeking: Henry George Updated. The Incidence and Persistence of Corruption in Economic Development. Journal of Economic Perspectives, 19: 19 – 42.

Ge 317b6641p001 Dimensions, 13117 Homosassa River, Cochise Hatchback Lyrics, Is A 61 Key Keyboard Good For Beginners, Sony Camcorders Canada, Cancer Survival Data Sets, Fake Hydrangeas In Vase, Best Food At Yard House Reddit,

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