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Foreign aid, the real exchange rate (RER), and economic growth are three key variables that shape the aftermath of civil wars in many developing countries. Panel estimations drawn from a sample of 39 conflict and 44 nonconflict countries between 1970 and 2004 indicate that although postconflict...
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Foreign aid, the real exchange rate (RER), and economic growth are three key variables that shape the aftermath of civil wars in many developing countries. Panel estimations drawn from a sample of 39 conflict and 44 nonconflict countries between 1970 and 2004 indicate that although postconflict...
Persistent link: https://www.econbiz.de/10012561531
This paper investigates the empirical role of violent conflicts for the causal effect of democracy on economic growth …. Exploiting within-country variation to identify the effect of democratization during the "Third Wave", we find evidence that the … effect of democratization is weaker than reported previously once one accounts for the incidence of conflict, while the …
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