Considerable evidence suggests that economic interdependence and integration reduce the likelihood of militarized conflict. However, scholars have devoted remarkably scant attention to testing different explanations of the liberal peace. This article offers an empirical test that can help...

This study argues that a subtle shift in the primary independent variable of the commercial peace literature—from trade to free trade—provides an opportunity to respond to the some of the strongest criticisms of this research program. Free trade, and not just trade, promotes peace...

One of the perennial questions in the scientific study of war is how war affects the economy. The authors examine the influence that the political developments within three war regions had on global financial markets (CAC, Dow Jones, FTSE) from 1990 to 2000. They embed a rational expectation...

Countries with open capital markets tend to have fewer militarized disputes and wars. Gartzke, Li & Boehmer propose that this association arises from the enhanced ability of states with open capital markets to credibly signal resolve through the bearing of economic costs ex ante to militarized...

Selectorate theory posits that leader accountability increases with the size of the winning coalition. Recent research contends that capitalism also increases leader accountability because leaders are more dependent on the public for revenue in more capitalist economies. The authors argue that...