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Sociopolitical Instability and Economic Growth Empirical Evidence from Sri Lanka | Science Publications

机译:斯里兰卡的社会政治不稳定和经济增长的经验证据科学出版物

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> Sociopolitical instability severely affects economic growth in short and long run. This study analyzes that sociopolitical instability measured by proxy measure; annual growth rate of tourist arrivals in Sri Lanka during 1960-2005 adversely affects economic growth. Our empirical findings based on ordinary lease square econometric estimation, show that sociopolitical instability negatively and significantly affect economic growth. Reduction of economic growth rate (-0.032) due to the sociopolitical instability exceeds the improvement of economic growth (0.027) by increasing of physical capital accumulation. It also exceeds the improvement of economic growth (0.017) by increasing of human capital accumulation. Years which had more sociopolitical conflicts, violence within and between communities and war between government forces and Tamil tiger had lower economic growth than years which had peace talking between government and leaderships of minority, preparing political proposal for peace, effective peace or political agreements and none or less violence. Sociopolitical instability adversely affects economic growth in long runs with insignificant. Policy implications suggest that peace in Sri Lanka makes foundation for economic development based on economic growth. Sociopolitical stability plays major role in determination of economic growth.
机译: >社会政治不稳定在短期和长期都会严重影响经济增长。这项研究分析了通过代理措施衡量的社会政治不稳定。 1960-2005年期间斯里兰卡游客的年均增长率对经济增长产生不利影响。我们基于普通租赁广场计量经济学估计的经验发现表明,社会政治不稳定会对经济增长产生负面影响。由于社会政治不稳定而导致的经济增长率下降(-0.032)超过了通过增加有形资本积累而带来的经济增长的改善(0.027)。通过增加人力资本积累,它也超过了经济增长的改善(0.017)。社会政治冲突,社区内部和社区之间的暴力以及政府军与泰米尔猛虎之间的战争更加激烈的年代,其经济增长要比政府与少数派领导人之间进行和平对话,准备和平的政治建议,有效的和平或政治协议的年份低。或更少的暴力。从长远来看,社会政治不稳定对经济增长的影响微乎其微。政策含义表明,斯里兰卡的和平为基于经济增长的经济发展奠定了基础。社会政治稳定在决定经济增长中起着重要作用。

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