Political instability remains a central obstacle to economic development in West and Central Africa, yet existing empirical work typically treats it as a one-dimensional construct and relies on low-frequency, event-based datasets that are ill-suited to capturing short-term dynamics or the precise timing of political shocks. This paper develops high-frequency, news-based indicators that separately track four dimensions of political instability - politically motivated violence, mass civil protest, instability within the regime, and instability of the regime -- for 17 West and Central African countries over 1990--2024, drawing on a broad and deliberately balanced set of international news sources for a region where existing text-based measures are at their thinnest. The four dimensions contain distinct information: they spike at different historical moments, differ in persistence, and co-move across borders to varying degrees. Embedding the indicators in a monthly VAR for the Democratic Republic of the Congo reveals heterogeneous macroeconomic transmission: violence shocks resemble localized risk and supply disruptions; protest shocks generate short-lived risk repricing; within-regime instability maps to slower, more persistent uncertainty effects; and regime instability behaves like a broad confidence shock with demand restraint. Complementary firm-level evidence from the World Bank Enterprise Surveys shows that heightened political violence is associated with significantly slower firm sales growth, with the burden concentrated among larger firms, domestically owned firms, and service-sector firms.
| Repository name | URI |
|---|---|
| Reproducible Research Repository (World Bank) | https://reproducibility.worldbank.org |
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| Author | Affiliation | |
|---|---|---|
| Pierre Mandon | World Bank | pmandon@worldbank.org |
| Kabinet Kaba | World Bank | kkaba1@worldbank.org |
| Philipp Kronenberg | KOF Swiss Economic Institute, ETH Zurich | kronenberg@kof.ethz.ch |
2026-10-16
| Location | Code |
|---|---|
| Sub-Saharan Africa | SSA |
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| Name | URI |
|---|---|
| MIT License | https://opensource.org/license/mit |
| World Bank IGO Rider | https://github.com/worldbank/metadata-editor/blob/main/WB-IGO-RIDER.md |
| Name | Affiliation | |
|---|---|---|
| Pierre Mandon | World Bank | pmandon@worldbank.org |
| Reproducibility WBG | World Bank | reproducibility@worldbank.org |
| Name | Abbreviation | Affiliation | Role |
|---|---|---|---|
| Reproducibility WBG | DECDI | World Bank - Development Impact Department | Verification and preparation of metadata |
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