ANSWER: Yes.
Political instability adversely affects growth by lowering the rates of productivity growth and, to a smaller degree, physical and human capital accumulation.

REFERENCE: This is based on an empirical paper published in 2013. Link is

http://­www.sciencedirect.com­/science/article/­pii/S0176268012000675

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How does political instability affect economic growth?
sciencedirect.com
Sep 8 at 5:26pm

CONTRIBUTOR: SAKURA RIO MAGTANGGOL