02077cas a2200337 a 4500 AALejournalIMF013512 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484381687 1018-5941 BD-DhAAL BD-DhAAL Bernal-Verdugo, Lorenzo E. The Dynamic Effect of Social and Political Instability on Output : The Role of Reforms / Lorenzo E. Bernal-Verdugo, Davide Furceri, Dominique Guillaume. Washington, D.C. : International Monetary Fund, 2013. 1 online resource (41 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students 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. The results are robust to different checks and estimation strategies. Mode of access: Internet Crisis, Growth imf Governance Indicator imf Reforms imf Social Conflicts imf WP imf Egypt, Arab Republic of imf Furceri, Davide. Guillaume, Dominique. IMF Working Papers; Working Paper ; No. 2013/091 Full text available on IMF http://elibrary.imf.org/view/journals/001/2013/091/001.2013.issue-091-en.xml IMF e-Library