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While there is an extensive literature examining the economic impact of conflict and political instability, surprisingly there have been few studies on their impact on the probability of banking crises. This paper therefore investigates whether rising conflict and political instability globally...
Persistent link: https://www.econbiz.de/10012251282
Macroeconomic costs of conflict are generally very large, with GDP per capita about 28 percent lower ten years after conflict onset. This is overwhelmingly driven by private consumption, which falls by 25 percent ten years after conflict onset. Conflict is also associated with dramatic declines...
Persistent link: https://www.econbiz.de/10012252077
Using panel data for a large number of countries, we find that economic contractions are not followed by offsetting fast recoveries. Trend output lost is not regained, on average. Wars, crises, and other negative shocks lead to absolute divergence and lower long-run growth, whereas we find...
Persistent link: https://www.econbiz.de/10014400694
The paper finds a significant shift in the economic characteristics of civil conflicts during the1990s. Conflicts have become shorter but with more severe contractions and a stronger recovery of growth. The overall length and cost of the conflict cycle has probably declined. The stance of...
Persistent link: https://www.econbiz.de/10014399713
It is well established that a wide range of legal impediments in countries' domestic laws have prevented women from … reflect and perpetuate gender norms that limit women's economic participation, and removal of these impediments through legal … reform has been shown to be an effective method to catalyze greater participation of women in the economy-along with the …
Persistent link: https://www.econbiz.de/10013170246
financial inclusion-in general, and for women in particular. We find that structural country characteristics, such as resource …
Persistent link: https://www.econbiz.de/10011809550
world during the period 1960?2010, using a dynamic panel estimation approach based on the system-generalized method of …
Persistent link: https://www.econbiz.de/10009706767
Based on internal data, this paper finds that the capacity development program of the IMF's Statistics Department has prioritized technical assistance and training to fragile and conflict-affected states. These interventions have yielded only slightly weaker results in fragile states than in...
Persistent link: https://www.econbiz.de/10013170071
Persistent link: https://www.econbiz.de/10012392097
I use a monthly panel of provincially-collected central government revenues and conflict fatalities to estimate government revenues lost due to conflict in Afghanistan since 2005. I identify causal effects by instrumenting for conflict using pre-sample ethno-linguistic share. Headline estimates...
Persistent link: https://www.econbiz.de/10011932218