The concept of political instability in economic research
This article reviews the use of the concept of political instability in economic research, the importance of which has been growing in recent years due to its potentially profound economic consequences. The article explores this concept by working through the definitions, dimensions, and methods of...
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| Format: | Article |
| Language: | English |
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Sciendo
2021-09-01
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| Series: | International Journal of Management and Economics |
| Subjects: | |
| Online Access: | https://doi.org/10.2478/ijme-2021-0016 |
| _version_ | 1811213372113289216 |
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| author | Jannils Łukasz |
| author_facet | Jannils Łukasz |
| author_sort | Jannils Łukasz |
| collection | DOAJ |
| description | This article reviews the use of the concept of political instability in economic research, the importance of which has been growing in recent years due to its potentially profound economic consequences. The article explores this concept by working through the definitions, dimensions, and methods of quantification. It also summarizes the results of the theoretical and empirical research on the economic implications of political instability. In contrast with the previous literature reviews, this article is not limited to the relationship between of political instability and one specific macroeconomic phenomenon but intends to summarize the findings of the research regarding its impact on a variety of economic phenomena investigated in the literature. The review covers the most influential publications in this area characterized by formulation of original research hypotheses, use of novel datasets, and development of innovative research methods. The research reviewed shows that political instability has a detrimental effect on economic growth, investment, inflation, fiscal deficits, public debt, and the functioning of financial markets. |
| first_indexed | 2024-04-12T05:44:33Z |
| format | Article |
| id | doaj.art-c603fe52fed945438313b36af9037f19 |
| institution | Directory Open Access Journal |
| issn | 2543-5361 |
| language | English |
| last_indexed | 2024-04-12T05:44:33Z |
| publishDate | 2021-09-01 |
| publisher | Sciendo |
| record_format | Article |
| series | International Journal of Management and Economics |
| spelling | doaj.art-c603fe52fed945438313b36af9037f192022-12-22T03:45:29ZengSciendoInternational Journal of Management and Economics2543-53612021-09-0157326828410.2478/ijme-2021-0016The concept of political instability in economic researchJannils Łukasz0CASE - Center for Social and Economic Research, Warsaw, Poland.This article reviews the use of the concept of political instability in economic research, the importance of which has been growing in recent years due to its potentially profound economic consequences. The article explores this concept by working through the definitions, dimensions, and methods of quantification. It also summarizes the results of the theoretical and empirical research on the economic implications of political instability. In contrast with the previous literature reviews, this article is not limited to the relationship between of political instability and one specific macroeconomic phenomenon but intends to summarize the findings of the research regarding its impact on a variety of economic phenomena investigated in the literature. The review covers the most influential publications in this area characterized by formulation of original research hypotheses, use of novel datasets, and development of innovative research methods. The research reviewed shows that political instability has a detrimental effect on economic growth, investment, inflation, fiscal deficits, public debt, and the functioning of financial markets.https://doi.org/10.2478/ijme-2021-0016economic growthpolitical economypolitical instabilitypolitical violenced74o40o43 |
| spellingShingle | Jannils Łukasz The concept of political instability in economic research International Journal of Management and Economics economic growth political economy political instability political violence d74 o40 o43 |
| title | The concept of political instability in economic research |
| title_full | The concept of political instability in economic research |
| title_fullStr | The concept of political instability in economic research |
| title_full_unstemmed | The concept of political instability in economic research |
| title_short | The concept of political instability in economic research |
| title_sort | concept of political instability in economic research |
| topic | economic growth political economy political instability political violence d74 o40 o43 |
| url | https://doi.org/10.2478/ijme-2021-0016 |
| work_keys_str_mv | AT jannilsłukasz theconceptofpoliticalinstabilityineconomicresearch AT jannilsłukasz conceptofpoliticalinstabilityineconomicresearch |