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An Analysis on The Relationship Between Political Stability and Economic Performance in BRICS-T Countries

Journal: Business and Economics Research Journal (BERJ) (Vol.9, No. 1)

Publication Date:

Authors : ;

Page : 49-56

Keywords : Political stability; economic growth; panel data analysis;

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In this study, the impact of political stability on economic growth in developing countries is examined using the annual data set of the period 1996-2016. In the study with panel data analysis method, political stability in developing countries is detected to assume a positive role in economic growth. Results Show that, %1 increase in political stability triggers economic growth by 1.27%. Furthermore, the economic growth of the model is found to be negatively related to the unemployment rate, inflation rate, and government expenditures; while positively related with trade openness according to the estimation findings.

Last modified: 2018-02-25 04:49:50