In this paper, we use new historical data on the most popular stocks traded at the Istanbul bourse between 1910 and 1914, to examine the effect of wars on stock market prices. During this period, the Ottoman Empire was involved in the Turco-Italian and the Balkan wars, leading to massive land...

In this paper, we use new historical data on the most popular stocks traded at the İstanbul bourse between 1910 and 1914, to examine the effect of wars on stock market prices. During this period, the Ottoman Empire was involved in the Turco-Italian and the Balkan wars, leading to massive land...

A key feature of the regional economy in the Middle East and North Africa is the flow of migrants from resource poor, but labor abundant countries to the resource rich nations of the Persian Gulf. These workers send remittances back home in large quantities, in some cases exceeding the value of...

This article presents a sampling of the ways in which $236.5 billion could have been spent if that money was not dedicated to the war in Iraq. The identification of specific alternatives may provoke further discussion as to how the United States has been spending, and how it should spend, its...

This paper examines the long-term health impact of Agent Orange, a toxic military herbicide containing dioxin that was used extensively during the U.S.-Vietnam war in the 1960-70s. Using a nationally representative health survey and an instrumental variable approach that addresses the potential...

Using a unique pairing of household survey data and geolocational conflict data, we investigate the relationship between local conflict intensity and the disciplinary methods employed by Iraqi households. We find that parents in high-conflict areas are more likely to use both moderate and severe...

Does war have important long-term economic consequences? Existing literature suggests a lack of long-term effects related to the short-term destruction of physical capital and population reduction. Increased ideological and social division as a result of war, on the other hand, may produce...

This paper examines the long-term health impact of Agent Orange, a toxic military herbicide containing dioxin that was used extensively during the U.S.-Vietnam war in the 1960-70s. Using a nationally representative health survey and an instrumental variable approach that addresses the potential...

Institutions play a vital role in allocating entrepreneurial talent in society. Specifically, the payoffs to different kinds of innovation influence the allocation of entrepreneurial talent between productive, unproductive, and destructive behavior. I apply this insight to the case of the...

In war powers analysis, reliance on the interpretive method of historical practice, also called the “gloss of history,” has made history a technology of the forever war. This approach draws upon the history of U.S. military conflict to interpret the separation of powers, and embeds past...