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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.

Suggested Citation

  • Hannes Mueller, 2012. "Growth Dynamics: The Myth of Economic Recovery: Comment," American Economic Review, American Economic Association, vol. 102(7), pages 3774-3777, December.
  • 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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    References listed on IDEAS

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    1. Mendelsohn, Robert & Nordhaus, William D & Shaw, Daigee, 1994. "The Impact of Global Warming on Agriculture: A Ricardian Analysis," American Economic Review, American Economic Association, vol. 84(4), pages 753-771, September.
    2. Wolfram Schlenker & W. Michael Hanemann & Anthony C. Fisher, 2005. "Will U.S. Agriculture Really Benefit from Global Warming? Accounting for Irrigation in the Hedonic Approach," American Economic Review, American Economic Association, vol. 95(1), pages 395-406, March.
    3. Wolfram Schlenker & W. Michael Hanemann & Anthony C. Fisher, 2006. "The Impact of Global Warming on U.S. Agriculture: An Econometric Analysis of Optimal Growing Conditions," The Review of Economics and Statistics, MIT Press, vol. 88(1), pages 113-125, February.
    4. José A. Scheinkman & Jack Schechtman, 1983. "A Simple Competitive Model with Production and Storage," Review of Economic Studies, Oxford University Press, vol. 50(3), pages 427-441.
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    Cited by:

    1. Hannes Mueller, 2016. "Growth and Violence: Argument for a Per Capita Measure of Civil War," Economica, London School of Economics and Political Science, vol. 83(331), pages 473-497, July.

    More about this item

    JEL classification:

    • E23 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Production
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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    1. Growth Dynamics: The Myth of Economic Recovery: Comment (AER 2012) in ReplicationWiki

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