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BUSINESS AND ECONOMICS RESEARCH JOURNAL

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Article Information
Journal: Business and Economics Research Journal
Title of Article: An Analysis on The Relationship Between Political Stability and Economic Performance in BRICS-T Countries
Author(s): Ali Eren Alper
Volume: 9
Number: 1
Year: 2018
Page: 49-56
ISSN: 1309-2448
DOI Number: 10.20409/berj.2017.88
Abstract
In this study, the impact of political stability on economic growth in developing countries is examined using the annual data set of the period 1996-2016. In the study with panel data analysis method, political stability in developing countries is detected to assume a positive role in economic growth. Results Show that, %1 increase in political stability triggers economic growth by 1.27%. Furthermore, the economic growth of the model is found to be negatively related to the unemployment rate, inflation rate, and government expenditures; while positively related with trade openness according to the estimation findings.

Keywords: Political stability, economic growth, panel data analysis

JEL Classification: C23, P48, O40

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