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Dynamiques ´Economiques à Madagascar : Lien entre Croissance, Crises et Stabilité Politique
[Economic Dynamics in Madagascar: Exploring the Nexus between Growth, Crises, and Political Stability]

Author

Listed:
  • Andrianady, Josué R.
  • Ranaivoson, Michel H. P.

Abstract

The island of Madagascar, situated in the Indian Ocean, has borne witness to recurring socio-political crises over the past decades that have profoundly impacted its economic development. This article meticulously examines the correlation between economic growth and these crises, employing a robust statistical methodology. Through meticulous analysis of empirical data, we discern the economic and institutional factors that catalyzed these tumultuous periods. Thefindings underscore the paramount importance of political stability and economic variables such as growth, inflation, and unemployment in determining the likelihood of crisis. The ramifications for policy and economic decision-makers in Madagascar are substantial, providing valuable insights to preemptively anticipate and mitigate the repercussions of future crises. This study elucidates underlying mechanisms and reinforces the imperative for steadfast governance and judicious economic management to foster sustainable, long-term development.

Suggested Citation

  • Andrianady, Josué R. & Ranaivoson, Michel H. P., 2023. "Dynamiques ´Economiques à Madagascar : Lien entre Croissance, Crises et Stabilité Politique [Economic Dynamics in Madagascar: Exploring the Nexus between Growth, Crises, and Political Stability]," MPRA Paper 118266, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:118266
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    References listed on IDEAS

    as
    1. Robert J. Barro, 1991. "Economic Growth in a Cross Section of Countries," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 106(2), pages 407-443.
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    3. Venieris, Yiannis P & Gupta, Dipak K, 1986. "Income Distribution and Sociopolitical Instability as Determinants of Savings: A Cross-sectional Model," Journal of Political Economy, University of Chicago Press, vol. 94(4), pages 873-883, August.
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Economic growth; Political crises; Logistic Regression with Logit Transformation; Madagascar;
    All these keywords.

    JEL classification:

    • A1 - General Economics and Teaching - - General Economics
    • C1 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General
    • C5 - Mathematical and Quantitative Methods - - Econometric Modeling
    • E0 - Macroeconomics and Monetary Economics - - General
    • E00 - Macroeconomics and Monetary Economics - - General - - - General

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