Federle, Jonathan; Meier, André; Müller, Gernot J.; … - 2024
In an integrated global economy, the economic fallout of war is not confined to the country where the conflict is … spanning 150 years of data for more than 60 countries. War on a country’s territory typically leads to an output decline of 30 … geographically close to the war site, irrespective of their participation in the war. Output in neighboring countries falls by more …