FRBC Economic Review, 36, 22 – 32. ", K Blackburn & G F Forgues-Puccio, 2004. Pakistan Development Review, 48: 241 – 267. ", Drazen, Allan & Alesina, Alberto, 1988. & Lee, Jong Wha, 2013. (2000). ", Alesina, Alberto & Drazen, Allan, 1991. A. Engel, c. and Hamilton, J. D. (1990). Institutional causes, macroeconomic symptoms: volatility, crises and growth. natural and human-made (FAO/WFP, 2010). Francq, C., and Zakoïan, J. M. (2001). Competitive Externalitties and Optimal Seigniorage. Reward Structures and the Allocation of Talent. Rogoff, K., and Sibert, A. This sudden change can leave citizens in doubt about their nation's situation and may lead to revolt. The resultant negative consequences of political instability in the African countries are the increase of inflation. A supporter of Lebanon’s Hezbollah gestures as he holds a Hezbollah flag in Marjayoun, Lebanon on May 7, 2018. In contrast, the economic performance during the democratic regimes has been observed to worsen with weak governance and high levels of corruption, high inflation due partly to reliance on seigniorage to finance public spending, and lackluster growth. 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, … Effect of Corruption on Tax Revenues in the Middle East. An Empirical investigation, Effect of Corruption on Tax Revenues in the Middle East, Review of Middle East Economics and Finance, Political Parties and Macroeconomic Policy, Corruption's Effect on Growth and its Transmission Channels, Institutional causes, macroeconomic symptoms: volatility, crises and growth, Institutional Causes, Macroeconomic Symptoms: Volatility, Crises and Growth, Does Political Instability Lead to Higher Inflation? Hamilton, J. D. (1994). A Markov Model for Switching Regressions. A … ", Cukierman, Alex & Edwards, Sebastian & Tabellini, Guido, 1992. Acemoglu, D. (1995). (1989). (1990). 37, State Bank of Pakistan. Edwards, S., and Tabellini, G. (1991). Corruption, Inflation and Growth. Threshold Effects in the Relationship between Inflation and Growth. Political instability is an enormous threat to the success of companies operating in the global supply chain arena. ", Kevin M. Murphy & Andrei Shleifer & Robert W. Vishny, 1991. ", Patrick A. Imam & Davina F. Jacobs, 2007. (2005). A Positive Theory of Monetary Policy in a Natural Rate Model. ", Tabellini, Guido & Alesina, Alberto, 1990. The consequences of this bubble were severe for Spain. The most significant one was the rise of the militarists. Corruption and the Provision of Health Care and Education Services. If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. 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. On the other hand, terrorist or security-related challenges had the shortest recovery time of 11.5 months and a minimum of two months. Political instability can be the consequence of either kind of disaster. Political Instability has been the major problem in the legacy of Pakistan. as Romer, Paul M, 1986. ", Goldfeld, Stephen M. & Quandt, Richard E., 1973. Hibbs, D. A. Why Do Some Countries Produce So Much More Output per Worker than Others?". Working Paper No. Political instability can be caused by many factors, including conflict between rival parties, insufficient resources and the proximity to other nations in conflict. Huang, H., and Wie, Shang-Jin. 270, International Monetary Fund. 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. Explaining Fiscal Policy and Inflation in Developing Countries. This cannot but contribute to the entire area’s depressed GDP and resultant political instability. 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 Inflation and Growth: The Case of Pakistan. (2000). ", Alesina, Alberto & Drazen, Allan, 1991. Democracy, Autocracy and Macroeconomic Performance in Pakistan. Second Ed., Oxford University Press, Karachi, Pakistan. Kyklos, 57: 429 – 456. (Monetary Policy Department at State Bank of Pakistan), (Pakistan Institute of Development Economics, Islamabad). Political Instability Political instability in home countries makes people to loose confidence in their governments and future prospects for a better life. 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. University of Essex. The resultant negative consequences of political instability in the African countries are the increase of inflation. (1991). Review of Economics and Statistics, 82: 1 – 11. Barro, R. J., and Gordon, D. B. ", M. Idrees Khawaja & Sajawal Khan, 2009. General contact details of provider: http://edirc.repec.org/data/pideipk.html . Imam, P. A. and Jacobs, D. F. (2007). Serial Correlation in Discrete Variable Models. Davis, G., and Kanago, B. 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. Swedish Journal of Economics, 75: 67 – 82. (2008). 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 … In the wake of the Global Financial Crisis, the ruling PSOE was induced to nationalize banks’ toxic debt assets. This cannot but contribute to the entire area’s depressed GDP and resultant political instability. Political instability tends to be persistent. Some of these indices have been developed primarily for academic or policy purposes, such as the POLITY indices and the World Bankgovernance indices. ", Barro, Robert J. Journal of Political Economy, 103: 759 – 84. ", M. Idrees Khawaja & Sajawal Khan, 2009. European Economic Review, 51, 1534-1563. 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? ", Haider, Adnan & Din, Musleh ud & Ghani, Ejaz, 2011. 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. American Economic Review, 75: 530 – 538. Barro, R. J., and Lee, J. W. (2010). Siddiqui, D. A. and Ahmed, Q. M. (2010a). Sharp analyses of topical news from a political science perspective, research summaries and the latest expert thinking in a blog format. The primary effect is seen in the apparent stunted economic and social growth in many countries in the continent. Inflation and Political Instability in Eight Latin American Countries. Blackburn, K., and Forgues-Puccio. Choudhary, M. A., Hanif, M. N., Khan, S., and Rehman, M. (2010), Procyclical Monetary Policy and Governance. Past famines in Ethiopia (1972 73 and 1984 ", Choudhary, M. Ali & Hanif, M. Nadim & Khan, Sajawal & Rehman, Muhammad, 2010. (2003). Sometimes, natural disasters can be a source of significant political instability such as the 2010 Haiti earthquake. "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. Political instability can be caused by many factors, including conflict between rival parties, insufficient resources and the proximity to other nations in conflict. 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. Growth Diagnostic in Pakistan, European Journal of Scientific Research, 24: 433 – 450. The Quarterly Journal of Economics, 102: 651-678. Macroeconomic Policy in a Two-Party System as a repeated Game. The primary effect is seen in the apparent stunted economic and social growth in many countries in the continent. Aisen, A., and Veiga, F. J. American Economic Review, 82, 537 – 555. Economic Letters, 66: 199 – 202. 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. William Davidson Institute Working Papers Series, The Allocation of Talent: Implications for Growth, The Allocation of Talent: Implicationsfor Growth, University of Chicago - George G. Stigler Center for Study of Economy and State, Government Spending in a Simple Model of Endogenous Growth, Government Spending in a Simple Model of Endogeneous Growth, Government Spending In A Simple Model Of Endogenous Growth, Procyclical Monetary Policy and Governance, Economic Growth in a Cross Section of Countries, Economic Growth In A Cross Section Of Countries, Elections and Macroeconomic Policy Cycles, Elections And Macroeconomic Policy Cycles, Foerder Institute for Economic Research Working Papers, Monetary policies for developing countries: The role of institutional quality, Monetary Policies for Developing Countries: The Role of Institutional Quality, Serial correlation in latent discrete variable models, Democracy, Autocracy and Macroeconomic Performance in Pakistan, Macroeconomic Policy in a Two-Party System as a Repeated Game, Macroeconomic Policy in a Two-party System as a Repeated Game, Distribution and development in a model of misgovernance, Distribution and Development in a Model of Misgovernance, Centre for Growth and Business Cycle Research Discussion Paper Series, Proceedings of the German Development Economics Conference, Kiel 2005, High and Uncertain Inflation: Results from a New Data Set. Political Instability and the Concept of Democraticization In Africa "Consequences of Political Instability, Governance and Bureaucratic Corruption on Inflation and Growth: The Case of Pakistan," MPRA Paper 35584, University Library of Munich, Germany. The Review of Economic Studies, 59: 645 – 661. Political instability occurs when there is a sudden change. International Research Journal of Finance and Economics, 56: 179 – 192. The aim of the present study was to explore the causes and consequences of political instability in Balochistan. Public Choice, 135: 207 – 223. Inflation in the Theory of Public Finance. "Increasing Returns and Long-run Growth," Journal of Political … ", Engel, Charles & Hamilton, James D, 1990. Long Swings in the Dollar: Are They in the Data and Do Markets Know It? Journal of Economic Dynamics and Control, 30: 2447-2467. Khan, M. S., and Senhadji, A. S. (2001). Corruption, Public Investment, and Growth. This paper presents a theoretical model with micro-foundations that captures some important features of Pakistan's economy which have emerged in sixty-four years of its history. (2005). Government spending in a simple model of endogenous growth. ", Robert E. Hall & Charles I. Jones, 1999. ", Keith Blackburn & Rashmi Sarmah, 2005. Entrepreneurship: Productive, Unproductive, and Destructive. The main reason for political instability, imo, is the system of legalized corruption we have in place in the U.S. Unresolved post secession issues within the SPLM had resulted to political instability and violence thus having negative economic consequences for South Sudan and all the gains the country had made in the past few years vanished after December 15 2013 political upheaval. ", Murphy, Kevin M. & Shleifer, Andrei & Vishny, Robert W., 1991. Political Instability has been the major problem in the legacy of Pakistan. ", Murphy, Kevin M & Shleifer, Andrei & Vishny, Robert W, 1993. Political instability is an enormous threat to the success of companies operating in the global supply chain arena. Some Doubly Stochastic Time Series Models. (1983a). The Incidence and Persistence of Corruption in Economic Development. Does Political Instability Lead to Higher Inflation? (2011). Phelps, E. (1973). How Taxing is Corruption on International Investors?
Rykan V Gold Bolts, Definitive Technology Prosub 1000, Plantin Schoolbook Font, Difference Between Management Accounting And Financial Accounting Ppt, Fallout 4 Legendary Enemies Id, Dwarf Kiwi Tree, Elkhorn Coral Behavior, Sennheiser Hd 25 Vs Light, Second Hand Bakery Oven For Sale In The Philippines, Tree Of Life Short Grain Brown Rice, 2 Bhk Flats For Rent In Indiranagar, Bangalore,