Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/162740
Authors: 
Matta, Samer
Appleton, Simon
Bleaney, Michael
Year of Publication: 
2015
Series/Report no.: 
CREDIT Research Paper 15/09
Abstract: 
We use Synthetic Control Methodology to estimate the output loss in Tunisia as a result of the "Arab spring". Our results suggest that each Tunisian citizen lost, on average, an estimated US$ 600 (5.5 percent of GDP), US$ 574 (5.1 percent of GDP) and US$ 735 (6.4 percent of GDP) in 2011, 2012 and 2013, respectively. These findings are robust to a series of tests. Investment was the main channel through which the economy was impacted by the Arab Spring, as investors were afraid to invest in a highly volatile political environment.
Subjects: 
Arab Spring
Tunisia
Economic Impact
Synthetic Control Methodology
JEL: 
C31
D74
F62
O11
Document Type: 
Working Paper

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