Long Live Democracy: The Determinants of Political Instability in Latin America
AbstractWe investigate the underlying causes of political instability in a panel of 18 Latin American countries from 1971-2000. We test whether regime type, regime durability, factionalism, income inequality, ethnic diversity, ethnic discrimination, regional spillover effects, urban growth and macroeconomic variables matter for instability. We find several important results: (1) democracy has a significant negative effect on instability that is robust to several alternative specifications; (2) factionalised political systems experience higher instability; (3) income inequality, ethnic fractionalisation, and urban growth have important nonlinear effects on instability; and (4) of the macroeconomic variables we study, only openness to trade has a significant negative effect on instability.
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Bibliographic InfoArticle provided by Taylor & Francis Journals in its journal Journal of Development Studies.
Volume (Year): 45 (2009)
Issue (Month): 1 ()
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- Gurgul, Henryk & Lach, Łukasz, 2013.
"Political instability and economic growth: Evidence from two decades of transition in CEE,"
52230, University Library of Munich, Germany.
- Gurgul, Henryk & Lach, Łukasz, 2012. "Political instability and economic growth: Evidence from two decades of transition in CEE," MPRA Paper 37792, University Library of Munich, Germany.
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