Showing 1 - 10 of 132
This paper characterizes the nature of poverty from a dynamic life-cycle perspective. Using panel data from the … National Longitudinal Survey of Youth, we find that 40% of young Americans experienced at least one year of poverty, and most … of these experienced one or two years. A significant group, by age 34, had suffered five or more years of poverty out of …
Persistent link: https://www.econbiz.de/10005504656
We use new data to examine the effects of giant oilfield discoveries around the world since 1946. On average, these discoveries increase per capita oil production and oil exports by up to 50 percent. But these giant oilfield discoveries also have a dark side: they increase the incidence of...
Persistent link: https://www.econbiz.de/10009351523
This Paper establishes and explores the implications of a somewhat surprising empirical finding. Although civil war adversely affects the performance of social indicators in general, poorer countries lose less, in absolute and relative terms, than richer countries. It is argued that the...
Persistent link: https://www.econbiz.de/10005123856
Natural and agricultural resources for which there is a substantial black market, such as coca, opium, and diamonds, appear especially likely to be exploited by the parties to a civil conflict. On the other hand, these resources may also provide one of the few reliable sources of income in the...
Persistent link: https://www.econbiz.de/10005124245
This paper analyzes empirically the relationship between civil wars and international trade. We first show that trade destruction due to civil wars is very large and persistent and increases with the severity of the conflict. We then test the presence of two effects that trade can have on the...
Persistent link: https://www.econbiz.de/10005124456
on the intensity of conflict, and find that moderate levels of violence increased the abnormal returns of the ‘Angolan …
Persistent link: https://www.econbiz.de/10005067422
We construct a dynamic theory of civil conflict hinging on inter-ethnic trust and trade. The model economy is inhabitated by two ethnic groups. Inter-ethnic trade requires imperfectly observed bilateral investments and one group has to form beliefs on the average propensity to trade of the other...
Persistent link: https://www.econbiz.de/10009003383
Civil wars critically hinder a country's development process. This paper shows that civil wars can also have severe international consequences. Anecdotal evidence highlights that civil wars sometimes spill over international boundaries. Using a more rigorous econometric approach we provide...
Persistent link: https://www.econbiz.de/10008684678
to study the impact of external income shocks on the likelihood of violence. We consider a number of external demand …
Persistent link: https://www.econbiz.de/10011083429
Are civil wars partly caused by low economic growth? And do democratic institutions attenuate the impact of low growth on the likelihood of civil war? Our approach to answering these questions exploits that international commodity prices have a significant effect on income growth in Sub-Saharan...
Persistent link: https://www.econbiz.de/10005789158