Collier, Paul; Hoeffler, Anke - EconWPA - 2004
We investigate the causes of civil war, using a new data set of wars during 1960-99. We test a `greed’ theory focusing … on the ability to finance rebellion, against a`grievance’ theory focusing on ethnic and religious divisions, political … repression and inequality. We find that greed considerably outperforms grievance. Consistent with the greed theory, both …