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Growth Dynamics: The Myth of Economic Recovery: Comment

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  • Hannes Mueller

Abstract

This comment highlights different ways of coding crisis episodes in Cerra and Saxena (2008) (CS). The comment shows that the coding used for civil war implies a misrepresentation of its impact. A correct coding of civil war reveals that the average civil war leads to a loss in output of 18 percent. This makes civil wars more devastating than all other crisis studied by CS.

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Bibliographic Info

Article provided by American Economic Association in its journal American Economic Review.

Volume (Year): 102 (2012)
Issue (Month): 7 (December)
Pages: 3774-77

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Handle: RePEc:aea:aecrev:v:102:y:2012:i:7:p:3774-77

Note: DOI: 10.1257/aer.102.7.3774
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Cited by:
  1. Hannes Mueller, 2014. "Growth and Violence: Argument for a Per Capita Measure of Civil War," Working Papers 756, Barcelona Graduate School of Economics.

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