Hidden Bibliographic Details
| Other authors / contributors: | Mercereau, Benoît, author.
International Monetary Fund. African Department.
International Monetary Fund. Asia and Pacific Department.
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| ISBN: | 1281378909
9781281378903
1451896506
9781451896503
9781451850338
1451850336
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| Notes: | Includes bibliographical references (pages 21-22).
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
digitized 2010 HathiTrust Digital Library committed to preserve
Print version record.
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| Summary: | This paper provides empirical evidence that the propensity for political instability in the Central African Republic (C.A.R.) has been increased by low tax revenues and deteriorations in the terms of trade. The direct effect of political instability on economic growth is not statistically significant, once account is taken of domestic investment, and economic growth in neighboring countries. The policy implications are: (i) mobilization of domestic revenues to pay public employees' salaries and provide basic social services would lower the probability of coups; (ii) economic diversification would reduce the propensity for adverse terms of trade shocks to fuel coups; and (iii) neighboring countries' efforts to resolve conflicts and achieve sustained growth would be beneficial for the C.A.R.'s economic performance.
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| Other form: | Print version: Ghura, Dhaneshwar. Political instability and growth. [Washington, D.C.] : International Monetary Fund, African and Asian and Pacific Depts., ©2004
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| Standard no.: | 10.5089/9781451896503.001
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