We estimate the opportunity cost for Iran due to the Islamic revolution and eight years' war with Iraq (1978/79-1988). We apply the synthetic control method in order to compare Iran with a synthetic Iran and answer this counterfactual question. Our results show that, in total, an average Iranian...

One concern with employer-based health insurance is job lock or the inability for employees to leave their current employment for better opportunities for fear of losing benefits. We use the implementation of the Affordable Care Act's dependency mandate as a natural experiment. Data from the...

We use the synthetic control method to estimate the effect of international banking and energy sanctions from 2012 to 2015 on military spending of Iran. We create a synthetic control group that mimics the socioeconomic characteristics of Iran before the international sanctions of 2012. We then...

This paper studies the legacies of wartime institutions, measured as rebelocracy, on the ability of households to cope with negative income shocks. Rebelocracy is the social order established by non-state armed actors in the communities they control. By providing public goods and a predictable...

There is growing awareness that development-oriented government policies may be an important counterinsurgency strategy, but existing papers are usually unable to disentangle various mechanisms. Using a regression-discontinuity design, we analyze the impact of one of the world's largest...

The current fiscal imbalances and fragilities in the Southern and Eastern Mediterranean countries (SEMC) are the result of decades of instability, but have become more visible since 2008, when a combination of adverse economic and political shocks (the global and European financial crises, Arab...

What is the likelihood that the U.S. will experience a devastating catastrophic event over the next few decades – something that would substantially reduce the capital stock, GDP and wealth? What does the possibility of such an event imply for the behavior of economic variables such as...

This survey provides an in-depth analysis of existing research on the economic analysis of terrorism and counter-terrorist measures. First the existing evidence on the causes of terrorism is analyzed, then we consider the evidence of the consequences of terrorism and we demonstrate why it is...

This survey provides an in-depth analysis of existing research on the economic analysis of terrorism and counter-terrorist measures. First the existing evidence on the causes of terrorism is analyzed, then we consider the evidence of the consequences of terrorism and we demonstrate why it is...

This article evaluates the possible effects of the 11th package of sanctions against Russia in the context of the Russia-Ukraine war on Azerbaijan. This study is important because Russia is one of Azerbaijan's main trade partners and Azerbaijan's main export market in terms of non-oil sector...