The Impact of the Arab Spring on the Tunisian Economy
This paper uses Synthetic Control Methodology to estimate the output loss in Tunisia as a result of the "Arab Spring." The results suggest that the loss was 5.5 percent, 5.1 percent, and 6.4 percent of GDP in 2011, 2012, and 2013 respecti...
| Main Authors: | , , |
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| Format: | Working Paper |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2016
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2016/10/26854336/impact-arab-spring-tunisian-economy http://hdl.handle.net/10986/25301 |
| Summary: | This paper uses Synthetic Control
Methodology to estimate the output loss in Tunisia as a
result of the "Arab Spring." The results suggest
that the loss was 5.5 percent, 5.1 percent, and 6.4 percent
of GDP in 2011, 2012, and 2013 respectively. These findings
are robust to a series of tests, including placebo tests,
and are consistent with those from an Autoregressive
Distributed Lag Model of Tunisia's economic growth.
Moreover, this paper finds that investment was the main
channel through which the economy was adversely impacted by
the Arab Spring. |
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