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

Author

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  • Alper, Ali Eren

    (Nigde Omer Halisdemir University)

Abstract

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.

Suggested Citation

  • Alper, Ali Eren, 2018. "An Analysis on The Relationship Between Political Stability and Economic Performance in BRICS-T Countries," Business and Economics Research Journal, Uludag University, Faculty of Economics and Administrative Sciences, vol. 9(1), pages 49-56, January.
    • Handle: RePEc:ris:buecrj:0312
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    More about this item

    Keywords

    Political Stability; Economic Growth; Panel Data Analysis;
    All these keywords.

    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • P48 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - Legal Institutions; Property Rights; Natural Resources; Energy; Environment; Regional Studies

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