farjallah, nadia university of sousse - faculty of economic sciences and management, Tunisie , guetat, imene ecole supérieure des sciences economiques et commerciales de tunis, Tunisia

A MEASURE OF POLITICAL INSTITUTIONS INSTABILITY AND ITS IMPACT ON THE ECONOMIC GROWTH: EVIDENCE FROM MENA

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We examine the multidimensionality of political institutions instability using 22 political institutions instability indicators in Principal components analysis (PCA). We find that political institutions instability has five dimensions: Largest Government Party Seats, Number of Government Seats, Legislative Index of Political Competitiveness, Executive Index of Political Competitiveness and Largest Opposition Party Seats. By using the GMM system estimator for linear dynamic panel data models on a sample covering up to 19 countries from 1980 to 2012, we find that the five dimensions of political institutions instability have significant negative effect on economic growth.

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Economics growth , political institutions instability , GMM system estimator and MENA

Revue Économie, Gestion Et Société

30