“…Periods of political instability can be defined as environments of uncertainty, volatility and tension since political instability can reduce foreign investments and, consequently, economic growth (Jong-A-Pin, 2009; Roe and Siegel, 2011). Moreover, political instability can negatively affect the economic environment (Jong-A-Pin, 2009; Roe and Siegel, 2011;Stoffel et al, 2019). Indeed, previous studies suggest that political instability and economic growth are interconnected (Darby et al, 2004;Stoffel et al, 2019).…”