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The relationship between government stability and economic growth
ŠIMÁČKOVÁ, Anežka
The master thesis aims to analyze the relationship between government stability and economic growth. The theoretical part of this thesis discusses the stability of governments, various perceptions of political stability, and how it affects economic growth. Institutional and legal factors that may play a role in political stability are also considered. The study focuses on democratic states, detailing democracy's role while analyzing diverse perspectives on its impact on economic growth. Furthermore, the study describes economic growth and its aspects, which provide a comprehensive picture of a country's economic state. The economic indicators are evaluated individually, and their mutual influence on each other is considered. The impact of policies and measures that improve one economic indicator but worsen another is also taken into account. In the practical part, the study investigates the relationship between the length of a government's reign and its influence on economic growth using statistical methods. The impact of the length of a government's reign on economic indicators as a whole is analyzed, as well as individually for each economic indicator separately. The study aims to determine the most favorable period of government stability, i.e., at what intervals between changes of government the best economic results are achieved.
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