عدم استقرار الاقتصاد الكلي و النمو الاقتصادي : دلائل من عينة من الدول النامية

الملخص EN

The objective of this paper is to analyze the impact of macroeconomic instability on economic growth.

To this end, we use the averages of some variables for the period 1995-2014, most notably the macroeconomic instability indicators, which are represented by the volatility of term of trade and the volatility of inflation rate, economic growth and the initial levels of per capita income and human capital.

To estimate the cross-sectional growth regressions, the analysis is conducted on a sample of 39 developing countries.

Our results show that inflation rates volatility and term of trade volatility indicators affect negatively economic growth at the appropriate significance levels.

The paper is organized as follows.

Section 1 provides an introduction of the paper.

Section 2 discusses the most important ideas investigated in the previous empirical literature.

Section 3 presents the econometric model used in the paper for the analysis.

Section 4 analyzes the results of the estimation.

Section 5 concludes the paper and presents its recommendations.

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