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http://bura.brunel.ac.uk/handle/2438/14038
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DC Field | Value | Language |
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dc.contributor.author | Spagnolo, N | - |
dc.contributor.author | Arin, KP | - |
dc.contributor.author | Koyuncu, M | - |
dc.date.accessioned | 2017-02-15T13:26:18Z | - |
dc.date.available | 2017-02-15T13:26:18Z | - |
dc.date.issued | 2017 | - |
dc.identifier.citation | Economics Letters,(2017) | en_US |
dc.identifier.issn | 0165-1765 | - |
dc.identifier.uri | http://bura.brunel.ac.uk/handle/2438/14038 | - |
dc.description.abstract | While many studies stressed the importance of ethnic fractionalization on long-term economic growth, neither ethnic fractionalization always leads to ethnic conflict nor the intensity of conflict is constant over time. To address this potential bias, we construct an ethnic/racial tension index by using the number of US news articles that contain certain keywords. Utilizing this index we test the predictions of a simple theoretical model in a Markov Switching framework which allows to identify the impact of ethnic/racial tension in different states of the economy. Consistent with our theoretical predictions, results show that the magnitude of the impact of ethnic/racial tension is larger during low-growth periods. | en_US |
dc.language.iso | en | en_US |
dc.publisher | Elsevier | en_US |
dc.subject | Ethnic Tension | en_US |
dc.subject | Markov Switching | en_US |
dc.subject | News | en_US |
dc.subject | Racial Tension | en_US |
dc.title | A Note on the Macroeconomic Consequences of Ethnic/Racial Tension | en_US |
dc.type | Article | en_US |
dc.relation.isPartOf | Economics Letters | - |
pubs.publication-status | Accepted | - |
Appears in Collections: | Dept of Economics and Finance Research Papers |
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