Economic insecurity and political stability: a case for growth-targeting systemic vote

Abstract In this paper, we focus on the years before the Great Recession (1960–2007) and, after addressing possible issues of endogeneity, we study the effects of economic fluctuations on political stability. We find that when the economy is not in turmoil, there is a strong positive relationship be...

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Veröffentlicht in:Oxford economic papers 2020-07, Vol.72 (3), p.829-862
Hauptverfasser: Matakos, Konstantinos, Xefteris, Dimitrios
Format: Artikel
Sprache:eng
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