The impact of political instability on inflation volatility: The case of the Middle East and North Africa region

References

• Aisen, A., & Veiga, F. J. (2006). Does political instability lead to higher inflation? A panel data analysis. Journal of Money, Credit, and Banking, 38(5), 1379–32. https://doi.org/10.1353/mcb.2006.0064
   Web of Science ®Google Scholar
• Aisen, A., & Veiga, F. J. (2008). Political instability and inflation volatility. Public Choice, 135(3–4), 207–223. https://doi.org/10.1007/s11127-007-9254-x
   Web of Science ®Google Scholar
• Aisen, A., & Veiga, F. J. (2013). How does political instability affect economic growth? European Journal of Political Economy, 29, 151–167. https://doi.org/10.1016/j.ejpoleco.2012.11.001
   Web of Science ®Google Scholar
• Alesina, A., Özler, S., Roubini, N., & Swagel, P. (1996). Political instability and economic growth. Journal of Economic Growth, 1(2), 189–211. https://doi.org/10.1007/BF00138862
   Google Scholar
• Arellano, M., & Bond, S. (1991). Some tests of specification for panel data: Monte Carlo evidence and an application to employment equations. The Review of Economic Studies, 58(2), 277–297. https://doi.org/10.2307/2297968
   Web of Science ®Google Scholar
• Ball, L. (1992). Why does high inflation raise inflation uncertainty? Journal of Monetary Economics, 29(3), 371–388. https://doi.org/10.1016/0304-39329290032-W
   Web of Science ®Google Scholar
• Barugahara, F. (2015). The impact of political instability on inflation volatility in Africa. South African Journal of Economics, 83(1), 56–73. https://doi.org/10.1111/saje.12046
   Web of Science ®Google Scholar
• Baunto, A. L., Bordes, C., Maveyraud, S., & Rous, P. (2007). Money and uncertainty in the Philippines: A Friedmanite perspective. HAL Open Science. https://doi.org/10.1016/S1514-03261060003-7
   Google Scholar
• Besley, T. J., Persson, T., & Sturm, D. (Eds.), (2005). Political competition and economic performance: Theory and evidence from the United States (pp. 1–53). National Bureau of Economic Research Cambridge. https://doi.org/10.3386/w11484
   Google Scholar
• Blundell, R., & Bond, S. (1998). Initial conditions and moment restrictions in dynamic panel data models. Journal of Econometrics, 87(1), 115–143. https://doi.org/10.1016/S0304-40769800009-8
   Web of Science ®Google Scholar
• Chen, B., & Feng, Y. J. E. J. O. P. E. (1996). Some political determinants of economic growth: Theory and empirical implications. European Journal of Political Economy, 12(4), 609–627. https://doi.org/10.1016/S0176-26809600019-5
   Google Scholar
• Darby, J., Li, C. -W., & Muscatelli, V. A. J. E. J. O. P. E. (2004). Political uncertainty, public expenditure and growth. European Journal of Political Economy, 20(1), 153–179. https://doi.org/10.1016/j.ejpoleco.2003.01.001
   Google Scholar
• Devereux, M. B., & Wen, J. -F.J.E.E.R. (1998). Political instability, capital taxation, and growth. European Economic Review, 42(9), 1635–1651. https://doi.org/10.1016/S0014-29219700100-1
   Web of Science ®Google Scholar
• Elder, J. (2004). Another perspective on the effects of inflation uncertainty. Journal of Money, Credit, and Banking, 36(5), 911–928. https://doi.org/10.1353/mcb.2004.0073
   Web of Science ®Google Scholar
• Emara, N. (2012). Inflation volatility, institutions, and economic growth. Global Journal of Emerging Market Economies, 4(1), 29–53. https://doi.org/10.1177/097491011100400103
   Google Scholar
• Fischer, S. (1981). Towards an understanding of the costs of inflation: II. Carnegie-Rochester Conference Series on Public Policy, 15, 5–41. https://doi.org/10.1016/0167-22318190016-6
   Google Scholar
• Grier, R., & Grier, K. B. (2006). On the real effects of inflation and inflation uncertainty in Mexico. Journal of Development Economics, 80(2), 478–500. https://doi.org/10.1016/j.jdeveco.2005.02.002
   Web of Science ®Google Scholar
• Grier, K. B., & Perry, M. J. (2000). The effects of real and nominal uncertainty on inflation and output growth: Some garch-m evidence. Journal of Applied Econometrics (Chichester, England), 15(1), 45–58. https://doi.org/10.1002/SICI1099-1255200001/0215:1<45:AID-JAE542>3.0.CO;2-K
   Web of Science ®Google Scholar
• Habibi, N. (2012). The economic agendas and expected economic policies of Islamists in Egypt and Tunisia. Middle East Brief, 67(1–9), 8.
   Google Scholar
• Hansen, L. P. (1982). Large sample properties of generalized method of moments estimators. Econometrica: Journal of the Econometric Society, 50(4), 1029–1054. https://doi.org/10.2307/1912775
   Web of Science ®Google Scholar
• Hossain, A. A. (2014). Monetary policy, inflation, and inflation volatility in Australia. Economic Papers: A Journal of Applied Economics and Policy, 33(2), 163–185. https://doi.org/10.1111/1759-3441.12075
   Google Scholar
• International Monetary Fund. (2020). Data page. https://data.imf.org/?sk=388dfa60-1d26-4ade-b505-a05a558d9a42
   Google Scholar
• Jong-A-Pin, R. (2009). On the measurement of political instability and its impact on economic growth. European Journal of Political Economy, 25(1), 15–29. https://doi.org/10.1016/j.ejpoleco.2008.09.010
   Web of Science ®Google Scholar
• Judson, R., & Orphanides, A.(1999).Inflation, volatility and growth. International Finance, 2(1), 117–138. https://doi.org/10.1111/1468-2362.00021
   Google Scholar
• Khan, Saqib, Khan, S. U., & Saqib, O. F. (2011). Political instability and inflation in Pakistan. Journal of Asian Economics, 22(6), 540–549. https://doi.org/10.1016/j.asieco.2011.08.006
   Google Scholar
• Montero Kuscevic, C. M., Del Río Rivera, M. A., & Leguizamon, J. S. (2018). Inflation volatility and economic growth in Bolivia: A regional analysis. Macroeconomics and Finance in Emerging Market Economies, 11(1), 36–46. https://doi.org/10.1080/17520843.2017.1297324
   Web of Science ®Google Scholar
• Paldam, M. (1987). Inflation and political instability in eight Latin American countries 1946-83: Abstract. Public Choice, 52(2), 143. https://doi.org/10.1007/BF00123874
   Web of Science ®Google Scholar
• Qureshi, M. N., Ali, K., & Khan, I. R. (2010). Political instability and economic development: Pakistan time-series analysis. International Research Journal of Finance Economics, 56(27), 179–192.
   Google Scholar
• Rizvi, S. K. A., & Naqvi, B. (2009). Asymmetric behavior of inflation uncertainty and Friedman-ball hypothesis: Evidence from pakistan. Paper presented at the 26th International Symposium on Money, Banking and Finance, Orléans, France.
   Google Scholar
• Roodman, D. (2009). How to do xtabond2: An introduction to difference and system GMM in Stata. The Stata Journal: Promoting Communications on Statistics & Stata, 9(1), 86–136. https://doi.org/10.1177/1536867X0900900106
   Google Scholar
• Santos, R. D. O., Gorgulho, B. M., Castro, M. A. D., Fisberg, R. M., Marchioni, D. M., & Baltar, V. T. (2019). Principal component analysis and factor analysis: Differences and similarities in nutritional epidemiology application. Revista Brasileira de Epidemiologia, 22. https://doi.org/10.1590/1980-549720190041
   Google Scholar
• Sargan, J. D. (1958). The estimation of economic relationships using instrumental variables. Econometrica, 26(3), 393. https://doi.org/10.2307/1907619
   Web of Science ®Google Scholar
• Sethi, S. (2015). Inflation, inflation volatility and economic growth: The case of India. Journal of Applied Economics, 14(3), 25. https://doi.org/10.17492/pragati.v4i01.9545
   Google Scholar
• Telatar, E., Telatar, F., Cavusoglu, T., & Tosun, U. (2010). Political instability, political freedom and inflation. Applied Economics, 42(30), 3839–3847. https://doi.org/10.1080/00036840802360237
   Web of Science ®Google Scholar
• World Bank. (2020). Data page. http://datatopics.worldbank.org/world-development-indicators/
   Google Scholar
• Yong, A. G., & Pearce, S. (2013). A beginner’s guide to factor analysis: Focusing on exploratory factor analysis. Tutorials in Quantitative Methods for Psychology, 9(2), 79–94. https://doi.org/10.20982/tqmp.09.2.p079
   Google Scholar