Quarterly Journal of Economics, 100: 1169 – 1190. 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. ", Muhammad Ali Choudhary & Muhammad Nadim Hanif & Sajawal Khan & Muhammad Rehman, 2012. ", Alesina, Alberto F & Tabellini, Guido, 1988. (2008). IMF Staff Papers, 48: 1–21. (1977). Membership. (2011): Our members are universities across the globe and the scholars who work and study within them; membership benefits both the individual and the institution. The inclusion of objective data on political violence, such as the number of assassinations and demonstrations, in data sets for academic studies is common. Nordhaus, W. D. (1975). ", Alex Cukierman & Sebastian Edwards & Guido Tabellini, 1989. Modern Hyper- and High Inflations. Reinikka, R., and Svensson, J. Conflicts and political instability can have a negative impact on the productive capacity of a country and this in turn can reduce government revenue and increase unproductive spending, including military expenditures, leading to fiscal crises. FRBC Economic Review, 36, 22 – 32. Political instability is an enormous threat to the success of companies operating in the global supply chain arena. Acemoglu, D. (1995). ", Khan, Safdar Ullah & Saqib, Omar Farooq, 2011. Second Ed., Oxford University Press, Karachi, Pakistan. Edwards, S., and Tabellini, G. (1991). Membership. Economic Letters, 66: 199 – 202. Businesses operate according to forecasts and scenarios about the future that comprise surprises as well as certainties. Sharp analyses of topical news from a political science perspective, research summaries and the latest expert thinking in a blog format. Fighting Corruption to Improve Schooling: Evidence from a Newspaper Campaign in Uganda. We use cookies to make interactions with our website easy and meaningful, to better understand the use of our services, and to tailor advertising. Khan, S. U., and Saqib, O. F. (2011), Political Instability and Inflation in Pakistan. A Panel Data Analysis. Journal of Econometrics, 1: 3 – 16. This sudden change can leave citizens in doubt about their nation's situation and may lead to revolt. ", Choudhary, M. Ali & Hanif, M. Nadim & Khan, Sajawal & Rehman, Muhammad, 2010. Journal of Political Economy, 98: 103 – 125. Aziz Taher/Reuters. The standard definition of political instability is the propensity of a government collapse either because of conflicts or rampant competition between various political parties. Murphy, K. M., Shleifer, A., and Vishny, R.W. Baumol, W.J. Why Do Some Countries Produce So Much More Output per Worker than Others?". (1993). 12 December 2011 G. F. (2007). Backus, D., and Driffill, J. References listed on IDEAS. Political uncertainty then is not simply media fodder but has wide-ranging and uncertain real world consequences. 182, International Monetary Fund. (2005). 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. IMF Working Paper, 00/116. that political instability results in fiscal deficits, and this happens because political instability gives the government an incentive to implement a myopic fiscal policy in order to increase its chances of remaining in office. ", Alesina, Alberto & Drazen, Allan, 1991. Blackburn, K., and Forgues-Puccio. Corruption’s Effect on Growth and its Transmission Channels. A Markov Model for Switching Regressions. "Increasing Returns and Long-run Growth," Journal of Political … This problem is associated with a series of problems in various fields. Political Instability and Inflation Variability. Phelps, E. (1973). Barro, R. J. ", Gupta, Sanjeev & de Mello, Luiz & Sharan, Raju, 2001. ", Barro, Robert J. (2011). Rules, Discretion and Reputation in a Model of Monetary Policy. Journal of Money, Credit and Banking, 38: 1379 – 1389. 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? & Sala-i-Martin, Xavier, 1992. Sometimes, natural disasters can be a source of significant political instability such as the 2010 Haiti earthquake. Journal of Political Economy, 91: 589 – 610. Pakistan Development Review, 48: 269 – 289. Apparent stability sometimes precedes explosive change that profoundly In America: * Get money out of politics. Also, the occurrence of a government change increases the likelihood of subsequent changes. Political instability can be caused by many factors, including conflict between rival parties, insufficient resources and the proximity to other nations in conflict. It has been a major hurdle in the development of Pakistan. A … Khawaja, M. I., and Khan, S. (2009). Political stability and instability: some manifestations and causes' JAMES C. DAVIES Department of Political Science, University of Oregon There is a wealth of ignorance and a poverty of knowledge about the symptoms and origins of political instability and its consequences. This cannot but contribute to the entire area’s depressed GDP and resultant political instability. Why do some countries produce so much more output per worker than others? McCandless, J. T., and Weber, W. E. (1995). (2000). Some of these indices have been developed primarily for academic or policy purposes, such as the POLITY indices and the World Bankgovernance indices. (2006). 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. Journal of Economic Literature, 40: 837 – 880. Barro, R. J., and Gordon, D. B. Ghura, D. (1998). General contact details of provider: http://edirc.repec.org/data/pideipk.html . Sometimes, natural disasters can be a source of significant political instability such as the 2010 Haiti earthquake. Blackburn, K., and Powell, J. This cannot but contribute to the entire area’s depressed GDP and resultant political instability. (2004). 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 … ", Robert J. Barro & Xavier Sala-i-Martin, 1990. Does Institutions effect growth in Pakistan? All material on this site has been provided by the respective publishers and authors. Zaidi, S. A. Institutional causes, macroeconomic symptoms: volatility, crises and growth. Some Doubly Stochastic Time Series Models. Civil wars, political instability, and poverty kill millions of people every year. ", Chang-Jin Kim & Charles R. Nelson, 1999. political instability (where political instability is defined as frequent cabinet changes and government in crises) on inflation in Pakistan. Political instability has become a serious problem especially for the developing and underdeveloped countries. Why Do Some Countries Produce So Much More Output per Worker than Others? Section Institutions and Decision-Making. A second is to focus on the incidence of political upheaval or violence in a society, such as assassinations, demonstrations, and so forth. ", Del Monte, Alfredo & Papagni, Erasmo, 2001. Journal of European Economic Association, 3: 259-267. In the wake of the Global Financial Crisis, the ruling PSOE was induced to nationalize banks’ toxic debt assets. European Economic Review, 39: 17 – 33. Paldem, M. (1987). The aim of the present study was to explore the causes and consequences of political instability in Balochistan.
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