author:"Bernal-Verdugo, Lorenzo E." | Pollux - Fachinformationsdienst Politikwissenschaft

Article(electronic)#1May 23, 2012

Labor Market Flexibility and Unemployment: New Empirical Evidence of Static and Dynamic Effects

In: Comparative economic studies, Volume 54, Issue 2, p. 251-273

Bernal-Verdugo, Lorenzo E; Furceri, Davide; Guillaume, Dominique

ISSN: 1478-3320

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Book(electronic)#22013

The Dynamic Effect of Social and Political Instability on Output

In: IMF Working Papers

Bernal-Verdugo, Lorenzo E.; Furceri, Davide; Guillaume, Dominique M.

The aim of this paper is to analyze the dynamic effect of social and political instability on output. Using a panel of up to 183 countries from 1980 to 2010, the results of the paper suggest that social conflicts have a significant and negative impact on output in the short-term with the magnitude of the effect being a function of the intensity of political instability. The results also show that the recovery of output over the medium-term depends on the ability of the country to implement, in the aftermath of a social instability episode, reforms aimed at improving the level of governance. Th