Political Stability and Economic Growth in Africa
Journal Title: Journal of the Human and Social Science Researches - Year 2016, Vol 5, Issue 7
Abstract
The main aim of this study is to analyze whether there is a causality relation between the political stability and economic growth. Deterioration in political stability has an effect not only on economic growth but also on income distribution and military expenditures. For this reason, in this study it is analyzed the relation among political instability, economic growth, income inequality and military expenditures. Granger Causality Test is used for the panel data which is constructed from World Bank’s Africa Development Indicator for 52 African countries between 2000 and 2011. According to test results, there is one-way relation from economic growth to political instability. Political instability influence income distribution and military expenditures directly while it affects economic growth through military expenditures.
Authors and Affiliations
Mine KALAY| Ar. Gör., Hacettepe Üniversitesi, İİBF, İktisat Bölümü minekalay@hacettepe.edu.tr, Dilek ÇETİN| Yrd. Doç. Dr., Kırıkkale Üniversitesi, İİBF, İktisat Bölümü dilekcetin@kku.edu.tr
Keywords
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