As part of the credibility revolution in applied economics, researchers need to turn away from significance thresholds and stars, and instead focus on economic importance. Yet, existing measures of importance in regression analysis have fundamental flaws. Using an axiomatic approach, I develop...

This article reviews the literature on civil conflict and development with a focus on the socioeconomic consequences of violence and on promising policies for fostering peace. We make four main points. First, one of the reasons conflict is still often overlooked as key factor for development is...