Dr. Zahid Bhai: These are truly fascinating insights. Our own country Bangladesh also falls under these assumptions - regular government changes, frequent political instability yet high GDP growth rates. While we are inclined to believe major drivers like exports, remittance and agriculture were the key to this success, perhaps analyzing in more depth might also reveal political instability to have been a contributing factor. Using your insights, one may look at Bangladesh's growth story as: Political instability leading to enhanced competition/prevention of "zombie-worker" proliferation which in turn led to high quality products in garments/pharmaceuticals/leather/jute sectors and ultimately economic growth.
It will be very interesting to see how our economic growth progresses if and when we do attain long-term periods of sustainable political stability.