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This paper studies the economic costs of conflicts at the country and ethnic group settlement level with light output data as measured by orbital satellites and conflict data spatially mapped to latitude and longitude coordinates. Using a worldwide dataset of 7,704 individual ethnic group...
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-peaceful world. But how much would individual be willing to pay to avoid just the economic costs of conflict? Remarkably, even these … current level of consumption to live in a purely peaceful world. Such large potential welfare gains from reducing warfare …
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