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On the Cost of Violence and the Benefits of Peace

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Author Info

  • Jurgen Brauer

    ()
    (Augusta State University and Chulalongkorn University)

  • J Paul Dunne

    ()
    (University of the West of England and University of Cape Town)

Abstract

Wars can be immensely damaging to economies, and they can leave long-lasting scars on society. What are considered to be postwar or postviolence situations can see ongoing nonwar political, domestic, and criminal violence, with war economies not ending with the formal cessation of hostilities. Unarmed violence can have important effects and even forms of nonviolent conflict can carry substantial, measurable economic consequences. Surprisingly little substantive economics work on the subject is done particularly work that would deal with the possible paths countries can take from crises and there seems to exist an unfortunate lack of understanding among economists of the complexities of war and violence and its impact on economy and society, leaving a sometimes unrecognized legacy of violence and loss. This essay deals with some of the issues involved.

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File URL: http://carecon.org.uk/DPs/1011.pdf
File Function: First version, 2010
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Bibliographic Info

Paper provided by Department of Accounting, Economics and Finance, Bristol Business School, University of the West of England, Bristol in its series Working Papers with number 1011.

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Length: 9 pages
Date of creation: Oct 2010
Date of revision:
Handle: RePEc:uwe:wpaper:1011

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Web page: http://www1.uwe.ac.uk/bl/research/bristoleconomics.aspx
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Keywords: Macroeconomics; violence; costs and benefits; peace; conflict-affected states;

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  1. Olaf J. de Groot & Tilman Brück & Carlos Bozzoli, 2009. "How Many Bucks in a Bang: On the Estimation of the Economic Costs of Conflict," Economics of Security Working Paper Series 21, DIW Berlin, German Institute for Economic Research.
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Cited by:
  1. Caruso, Raul & de Wit, Hans, 2013. "Determinants of Mobility of Students in Europe: a preliminary quantitative study," MPRA Paper 49808, University Library of Munich, Germany.
  2. Ali Hamid E., 2011. "Military Expenditures and Human Development: Guns and Butter Arguments Revisited: A Case Study from Egypt," Peace Economics, Peace Science, and Public Policy, De Gruyter, vol. 17(1), pages 1-21, September.

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