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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
We investigate the economic impact of stochastic endogenous extreme events and insurance in a growth model. Our analytical results and computational experiments show that i) transparency of the insurance sector is the decisive requisite for abatement activities, implying substantial policy...
Persistent link: https://www.econbiz.de/10010356093
War, whether external or internal, large or small, is a costly endeavor. Loss of life, loss of close friends or family …, and the destruction of material possessions all play a part in the costs of war. The purpose of this paper is to capture …-peaceful world. But how much would individual be willing to pay to avoid just the economic costs of conflict? Remarkably, even these …
Persistent link: https://www.econbiz.de/10011514153
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IMF’s Structural Adjustment Program, and the effect of Tajikistan’s civil war on ex-combatants’ capacity for trust and …
Persistent link: https://www.econbiz.de/10010353640
zeitlicher Abgrenzung - letzteres im Sinne der Einwirkzeit nach Auftreten der Katastrophe - führt zu unterschiedlichen …
Persistent link: https://www.econbiz.de/10003652550
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environment. This link also threatens the sustainability of the world's economic growth, particularly when the emission of …
Persistent link: https://www.econbiz.de/10010344293
This paper investigates the long-run consequences of economic disasters. The research is based on the historical data for 38 OECD and non OECD countries over the last two centuries. Results of the research indicate the negative long-run effect of economic disasters on output growth. The research...
Persistent link: https://www.econbiz.de/10012969572
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