IDEAS home Printed from https://ideas.repec.org/a/sae/joupea/v51y2014i5p619-633.html
   My bibliography  Save this article

Observing the capitalist peace

Author

Listed:
  • Allan Dafoe

    () (Department of Political Science, Yale University & Department of Peace and Conflict Research, Uppsala University
    Department of Political Science, Yale University & Department of Peace and Conflict Research, Uppsala University)

  • Nina Kelsey

    (Travers Department of Political Science, University of California, Berkeley
    Travers Department of Political Science, University of California, Berkeley)

Abstract

Countries with open capital markets tend to have fewer militarized disputes and wars. Gartzke, Li & Boehmer propose that this association arises from the enhanced ability of states with open capital markets to credibly signal resolve through the bearing of economic costs ex ante to militarized escalation. We test this causal mechanism by qualitatively examining six crucial cases in which the mechanism is most likely to be operative and observable. We employ a formal case selection strategy designed to yield cases with high inferential leverage for our confirmatory test and to select cases for an exploratory analysis of scope conditions. Through analysis of media reports, government documents, and other sources, we evaluate the extent to which relevant individuals drew the appropriate inferences about market-mediated costs and resolve. We conclude that while market-mediated signaling may operate in major conflicts, it is unlikely to account for much of the association between capital openness and peace. Exploratory analysis of our cases identifies potential scope conditions, clarifies the role of different signaling mechanisms, and suggests other explanations for the peaceful behavior of countries with open capital markets.

Suggested Citation

  • Allan Dafoe & Nina Kelsey, 2014. "Observing the capitalist peace," Journal of Peace Research, Peace Research Institute Oslo, vol. 51(5), pages 619-633, September.
  • Handle: RePEc:sae:joupea:v:51:y:2014:i:5:p:619-633
    as

    Download full text from publisher

    File URL: http://jpr.sagepub.com/content/51/5/619.abstract
    Download Restriction: no

    Citations

    Blog mentions

    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. Star Trek and the Economics of the Future (Part I): Tribalism versus Terranism
      by Jason Barr in Building the skyline on 2018-11-26 12:46:53

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:joupea:v:51:y:2014:i:5:p:619-633. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (SAGE Publications). General contact details of provider: http://www.prio.no/ .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.