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Political Strategies of Overcoming the Effects of the 2008-2009 Financial and Economic Crisis by the Example of Post-Soviet States

Student: Elizaveta Starostina

Supervisor: Mikhail Mironyuk

Faculty: Faculty of Social Sciences

Educational Programme: Political Science (Bachelor)

Final Grade: 9

Year of Graduation: 2016

This study contributes to current discussions on political stability and measures to overcome the political effects of economic crises (in particular, the 2008-2009 Economic and Financial crisis). The aim of the research is to identify the influence of Reformist/Repressive strategy on the Political Stability by empirical evidence from the sample of post-Soviet countries in 2008-2014. A brief review of the existing theoretical approaches (including description of Reformist and Repressive strategies) is presented in the main body of the research where the key aspects of the considered problem are identified. In order to reach aim of the present study it is reasonable to chose a statistical method of data analysis, (namely, a regression model with fixed effects) that make it possible to reveal the general mechanisms of causation between the level of Political Stability and Repressive/Reformist anti-crisis strategies of Post-Soviet states. The obtained results of the research demonstrate that the improvement of the quality of economic institutions (Reformist strategy) increases the level of Political Stability in democracies, but decreases it in non-democratic regimes. By the way, it confirmed the popular theoretical approaches, according to which nondemocratic regimes should not improve the institutional quality. Besides, the strategy of reducing «hard repressions» (Repressive strategy) leads to the increase of Political Stability in both democratic and non-democratic regimes in the Post-Soviet space.

Full text (added May 18, 2016)

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