"At the time of writing, the novel coronavirus SARS-CoV-2, which causes the disease known as COVID-19,1 has infected people in 212 countries and on every continent except Antarctica. As of May 17, 2020, 5,780 people have died in Canada, and worldwide, there are over 313,000 reported deaths. The...

Politische Unruhen, Bürgerkriege und im Extrem Völkermord sind einige der Gründe für die enttäuschende Wirtschaftsentwicklung in vielen Entwicklungsländern in den letzten Jahrzehnten, vor allem in Afrika. Perioden andauernder Gewalt beeinflussen auch die Verteilung von Einkommen in den...

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...

Financial development is vulnerable to social conflict. Conflict reduces the demand for domestic currency as a medium of exchange and a store of value. Conflict also leads to poor quality governance, including weak regulation of the financial system, thereby undermining the sustainability of...

Inequality has risen in many countries over the last two decades, especially in the transition economies, but also in many developing and developed economies. This is disturbing since little progress can be made in poverty reduction when inequality is high and rising. Moreover, contrary to...