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The Economic Costs Of Political Instability: Evidence From Pakistan, Shahid Hussain, Falik Shear
The Economic Costs Of Political Instability: Evidence From Pakistan, Shahid Hussain, Falik Shear
Business Review
This study analyses the impact of Political Instability (PI) on economic growth. PI is referred as the frequent regime or government changes in a country. PI affects economic growth due to inconsistent and uncertain government policies regarding investment and trade, tax system, government spending and fiscal balance, debt structure, monetary policy, exchange rates and inflation. PI coupled with these factors affects internal and external investments and ultimately future economic growth rates. Employing data from Pakistan for the period of 1984-2018, a country with a long history of various episodes of political instability under various democratic and non-democratic regimes, this study …