search query: @indexterm Economic growth / total: 1784
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| Author: | Fosu, A. K. |
| Title: | Political Instability and Economic Growth: Implications of Coup Events in Sub-Saharan Africa |
| Journal: | American Journal of Economics and Sociology
2002 : JAN, VOL. 61:1, p. 329-350 |
| Index terms: | POLITICAL SYSTEMS POLITICS ECONOMIC GROWTH AFRICA |
| Language: | eng |
| Abstract: | The study examines the differential roles of various elite political instability (PI) events-successful coups d'etat, abortive coups or coup plots-m the growth of Sub Saharian Africa. It analyzes World Bank economic statistics and data on the incidence of coups d'etat for 31 countries in a cross country augmented production function framework that incorporates PI events as well as labor and capital as arguments. It finds that abortive coups lather than successful coups had the greatest adverse impact on economic growth over the 1960-1986 period. Coup plots were also observed to be growth- inhibiting. This deleterious direct effect of PI is observed to be channeled via the deterioration in the marginal productivity of capital regardless of coup event. |
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