In this paper we investigate some of the ways in which short-term variations in the magnitude of political instability can impact on macroeconomic performance, taking the example of Israel since 1987. Several indicators of political instability are found to have a significant impact on aggregate consumption and savings, and explain a large part of poor Israeli savings performance over recent years. Copyright 2003 by Kluwer Academic Publishers
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Article provided by Springer in its journal Public Choice.
Volume (Year): 116 (2003) Issue (Month): 3-4 (September) Pages: 297-312 Download reference. The following formats are available: HTML,
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