The Economic Costs of Conflict: A Case Study of the Basque Country
AbstractThis article investigates the economic effects of conflict, using the terrorist conflict in the Basque Country as a case study. We find that, after the outbreak of terrorism in the late 1960's, per capita GDP in the Basque Country declined about 10 percentage points relative to a synthetic control region without terrorism. In addition, we use the 1998-1999 truce as a natural experiment. We find that stocks of firms with a significant part of their business in the Basque Country showed a positive relative performance when truce became credible, and a negative relative performance at the end of the cease-fire.
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Bibliographic InfoArticle provided by American Economic Association in its journal American Economic Review.
Volume (Year): 93 (2003)
Issue (Month): 1 (March)
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Blog mentionsAs found by EconAcademics.org, the blog aggregator for Economics research:
- Conflicts and Economic Development
by Dany Jaimovich - Bakary Baludin in Development Therapy on 2013-03-04 14:32:00
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