Showing 1 - 10 of 2,967
This paper explores the means by which warfare influences domestic commodity markets. It is argued that England during the French Wars provides an ideal testing ground. Four categories of explanatory variables are taken as likely sources of documented changes in English commodity price...
Persistent link: https://www.econbiz.de/10012462419
Warfare is enormously destructive, and yet countries regularly initiate armed conflict against one another. Even more surprisingly, wars are often quite popular with citizens who stand to gain little materially and may lose much more. This paper presents a model of warfare as the result of...
Persistent link: https://www.econbiz.de/10012465922
We investigate the event-based geopolitical shocks from the Russian invasion of Ukraine on selected agricultural and energy commodities using daily event-based structural vector autoregression (SVAR). We find that the geopolitical shock affects the markets of wheat (3%) and European natural gas...
Persistent link: https://www.econbiz.de/10014447271
This paper attempts to provide a more complete reckoning of the costs of the Iraq War, using standard economic and … underestimate the War's true costs. We estimate a range of present and future costs, by including expenditures not in the $500bn CBO … the war on the overall performance of the economy. Even taking a conservative approach and assuming all US troops return …
Persistent link: https://www.econbiz.de/10012466615
During World War II Americans were called upon repeatedly to salvage raw materials for the war effort, often during …
Persistent link: https://www.econbiz.de/10012465233
fight and endure war, the government elites began to provide public goods, reduced rent extraction and adopted policies to …
Persistent link: https://www.econbiz.de/10012455246
the implications of the war costs themselves. Besides the unanticipated length and breadth of the military conflicts … motivations associated with war cost forecasts by comparing them with other types of aggregate forecasts, which are prone to … similar types of errors. The history of war cost forecasts suggests that increasing their frequency and transparency may …
Persistent link: https://www.econbiz.de/10012462493
security analysts. Our analysis also indicates that war and forcible regime change will yield large improvements in the …We consider three questions related to the choice between war in Iraq and a continuation of the pre-war containment … war more or less costly for the United States than containment? Second, compared to war and forcible regime change, would …
Persistent link: https://www.econbiz.de/10012466576
The French Opposition to the war in Iraq in early 2003, prompted calls for a boycott of French wine in the US. We …
Persistent link: https://www.econbiz.de/10012466690
enmeshed in the world economy, or net oil importers, are most likely to experience adverse effects from war …We analyze financial market data in order to produce an ex-ante assessment of the economic consequences of war with …'s price provides a plausible estimate of the probability of war. The spot oil price has moved closely with the Saddam Security …
Persistent link: https://www.econbiz.de/10012469112