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On the Cost of Violence and the Benefits of Peace

Author

Listed:
  • 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.

Suggested Citation

  • Jurgen Brauer & J Paul Dunne, 2010. "On the Cost of Violence and the Benefits of Peace," Working Papers 1011, Department of Accounting, Economics and Finance, Bristol Business School, University of the West of England, Bristol.
    • Handle: RePEc:uwe:wpaper:1011
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    File URL: http://carecon.org.uk/DPs/1011.pdf
    File Function: First version, 2010
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    References listed on IDEAS

    as
    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.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Macroeconomics; violence; costs and benefits; peace; conflict-affected states;

    JEL classification:

    • H56 - Public Economics - - National Government Expenditures and Related Policies - - - National Security and War
    • O51 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - U.S.; Canada
    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook

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